We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom bungalow · PO22 6JP
Listing removedListed 261 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Individual Building plots in this area are relatively few and far between meaning one is often reliant on the opportunity of development of a large garden area or as in the case of this particular DETACHED BUNGALOW, demolition and re-construction.
Although the planning consent (M/92/21/PL) has lapsed, previous permission was granted for the 'Demolition of existing bungalow & construction of 1 No 2-storey dwelling with access & off road parking.' The lapsed consent also included the following clause 'This site is in CIL Zone 4 & is CIL Liable as new dwelling'.
The current building is of timber and asbestos construction and sits on a plot of approximately 0.08 acre, backing onto a woodland setting, situated within the private Elmer Sands estate some 450 yards from the beach.
Offered for sale in need of significant modernisation in its present form, potential purchasers must satisfy themselves as to the most effective way forward with this property.
For an opportunity to view this development project contact May's.
uPVC framed double glazed double doors to: ENTRANCE SUNLOUNGE: 19' 4'' x 5' 0'' (5.89m x 1.52m) part glazed panel door to: LIVING ROOM: 19' 6'' x 11' 6'' (5.94m x 3.50m) corner fireplace with fitted wood burning stove; two radiators; door to: DINING AREA: 12' 0'' x 5' 8'' (3.65m x 1.73m) opening onto: KITCHEN: 8' 10'' x 7' 4'' (2.69m x 2.23m) (maximum measurements over units) range of floor standing drawer and cupboard units with roll-edge worktop; tiled splash back and wall mounted cabinets over; space for fridge freezer; inset stainless steel sink; plumbing for washing machine; integrated electric oven with four burner gas hob; "Worcester" gas fired boiler (non of the appliances have been tested).
BEDROOM 1: 9' 7'' x 7' 6'' (2.92m x 2.28m) Radiator. BEDROOM 2: 9' 6'' x 7' 9'' (2.89m x 2.36m) Radiator.
SHOWER ROOM/W.C.: Fully tiled with corner shower cubicle having independent mixer; wash basin inset in vanity unit; close coupled W.C.; heated towel rail.
OUTSIDE AND GENERAL GARAGE/STORE: 16' 0'' x 7' 6'' (4.87m x 2.28m) with power and light; side hung wooden doors.
GARDENS: The REAR GARDEN is somewhat overgrown but has a depth of approximately 65 ft and a width of 28 ft or thereabouts., A project not for the faint hearted!
The FRONT GARDEN is laid to lawn with concrete driveway to garage.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 66, Ancton Way
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