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See how verdicts work2-bedroom bungalow · NG23 5HD
For saleReduced £10k (−4%) on 21 OctListed 89 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide price £250,000 to £260,000 - marketed with no chain This detached bungalow presents an exciting opportunity for buyers seeking a property with potential to add value in a highly regarded village location.
The home offers flexible accommodation, The layout is thoughtfully designed to provide comfortable single-level living, with well-proportioned rooms throughout.
The bungalow has accommodation comprising of; an entrance hall, lounge with sun room, A breakfast kitchen, dining room which could also be used as bedroom three, there are then two bedrooms both bedrooms are generously sized, and the additional reception room offers versatility to suit a buyers needs.
The property’s position on a corner plot enhances its sense of privacy, practical features include a generous driveway, which can accommodate multiple vehicles with ease, as well as an oversized single garage that offers excellent storage and again versatile use for a buyer.
The bungalow is offered with no onward chain, allowing for a straightforward purchase process and the ability to move in without delay.
Located in a popular village setting, the property benefits from a friendly community atmosphere and convenient access to local amenities, schools and transport links.
This is a rare chance to acquire a detached bungalow with scope for improvement, making it an attractive proposition for downsizers, investors or anyone looking to create a bespoke home tailored to their own tastes.
The Interactive Property Report can be viewed on the following web portals, under the virtual tour tab on Rightmove, Zoopla, and On The Market.
Further material information for this property can be found within the report and includes a wealth of material including information on - Title Plan and Plot, Maps, House Price Statistics, Flood Risk, Media Availability, In depth Local School Information, Transport Links, etc.
EPC Rating: C Long Bennington A popular and thriving village situated between the market towns of Newark and Grantham which both have main line rail services to London's King Cross and easy access to the A1.
There is a wide range of amenities including: Co-op supermarket, part time post office, gift shop, two public houses, wine bar, 2 takeaways, hairdressers and Doctors surgery.
The village Infant and Primary School is highly regarded and excellent Grammar schools can be found within close proximity at Grantham and Sleaford.
Lounge (4.80m x 4.24m) 15' 9" x 13' 11" Sun Room (2.90m x 1.09m) 9' 6" x 3' 7" Breakfast Kitchen (4.50m x 2.44m) 14' 9" x 8' 0" Bedroom One (4.83m x 3.28m) 15' 10" x 10' 9" maximum measurements Bedroom Two (3.3m x 3.3m) 10' 10" x 10' 10" Bedroom Three/Dining Room (3.48m x 2.69m) 11' 5" x 8' 10" Garage (4.98m x 3.23m) 16' 4" x 10' 7" Services Mains gas, electricity, water and drainage are connected.
Square Footage The square footage for this property is approximately 1,126 sq ft.
Please note whilst every care is taken in providing this information as accurately as possible, this figure is calculated whilst creating the property’s floor plan, which does not factor in a number of potential variations including wall thickness, curves, triangular walls, chimney breasts etc and alterations to the floorplan to ensure it is representative of the property’s layout.
The square footage may also include garages, porches, outbuildings, garden buildings and external corridors where applicable, please contact the office for further information/clarification.
The EPC and Interactive Property Report may show a different total square footage.
Agent's Note - Sales Particulars Although these particulars are thought to be materially correct, their accuracy cannot be guaranteed, and they do not form part of any contract.
All services, heating systems and appliances have not and will not be tested, and no guarantees have been provided for any aspects of the property, measurements are taken internally and cannot be assumed to be accurate, they are given as a guide only.
Anti-Money Laundering Regulations Intending purchasers will be asked to confirm their identity at the offer stage and we ask for your co-operation in order that there will be no delay in agreeing a sale.
Referrals Newton Fallowell Newark and our partners provide a range of services to our vendors and buyers.
Conveyancing - If you require a solicitor to handle your sale or purchase, we can refer you on to a panel of preferred providers, we may receive a referral of up to £350 if you choose to use their services, there is no obligation to use solicitors we refer to.
Mortgage Advice - Correct budgeting is crucial before committing to purchasing a property.
You are free to arrange your own advice, but we can refer you to the Mortgage Advice Bureau who are in house for specialist advice on 1000s of mortgage deals if required.
Please be aware that we may receive a fee of £332 if you ultimately choose to arrange a mortgage/insurance through them.
Property Surveys - If you require a property survey of any kind, we can refer you to an RICS surveyor, and we may receive a referral fee of up to £30 should you choose to arrange a survey through them.
For more information, please call the office.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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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