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See how verdicts work2-bedroom bungalow · PE24 5RU
For saleReduced £25k (−14.3%) on 26 OctListed 481 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Oxford Family Estates are pleased to offer to the market this Semi detached 2 bedroom bungalow in a quiet cul de sac location in a popular residential part of the village.
It has a nice kitchen diner, good size bright lounge and 2 double bedrooms.
There is a bathroom with a walk in shower cubicle Kitchen 2.87m x 2.46m(9'4" x 8'0") Enter the property through the wooden barn style door to the rear in the kitchen fitted with a range of walls and base units in wood effect laminate.
Space and plumbing for a washing machine, with 1 & 1/2 bowl stainless steel sink under Upvc double glazed window to the rear elevation.
Free standing gas cooker and hob powered with two LPG gas bottles in the rear garden. Space for tower fridge freezer.
Dining area 2.76m x 1.79m (9' x 5'10") Wooden sliding double doors, off the kitchen opens into the dining area with opening through to the hallway.
Lounge 6.28 x 3.33m (20'7" x 10'11") Chimney breast with dimple electric fire and brick surround. Upvc double glazed bow window and fire escape window to the front elevation.
Bathroom 2.05m max x 1.94m max (6'8" max x 6'4"max) Fitted with corner shower enclosure and mixer shower, low level toilet and vanity unit wash basin.
Partly tiled walls, vinyl tile flooring and obscure Upvc double glazed window to the rear elevation.
Bedroom 1 4.27m x 2.80m (14' x 9'2") Double bedroom currently laid out with bedside cabinet, drawers and triple wardrobe.
With electric panel heater and Upvc double glazed window to the front elevation.
Bedroom 2 4.22m x 2.04m (13'10" x 6'8") Currently laid out with two single beds in opposite corners as well as drawers and wardrobe.
With electric panel heater and Upvc double glazed window to the rear elevation.
Outside The front of the property has various shrubs planted around an ornamental fish pond (which can be removed if required) and stoned areas.
The side of the bungalow has space for the bins and leads to the rear which has a timber shed, stoned seating area and space for the lpg gas bottle for the kitchen hob.
Chapel St Leonards Chapel St Leonards is a lovely sea-side village on the east coast nestled between the major resorts of Skegness and Mablethorpe.
It has a population of around 3,000 and is well known for its beautiful sandy beaches and long promenades.
During the summer months it benefits greatly from tourists creating a lovely vibrant atmosphere.
The village has a lot to offer with a wide range of shops including butchers, chemist, estate agents, co-op, spar, cafes, restaurants and pubs.
There is a village hall with a full programme of regular activities, doctors surgery, two churches and a primary school.
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.
Area
Agent & docs
FAQ
About Elizabeth Court, Chapel St. Leonards, Skegness, PE24 5RU
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