3-bedroom detached house · PE25 3EW
Listing removedReduced £5k (−3.6%) on 20 MayListed 217 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Being sold via Secure Sale online bidding. Terms and Conditions apply. Starting bid - £145,000 NO CHAIN.
A three bedroom detached bungalow in the popular Seacroft area convenient for local shops, the beach and Seacroft Golf Course. With Lounge, 21' Dining Kitchen, Store, W.C, 3 Bedrooms and Bathroom.
To the rear is a lower maintenance garden with Shed.
EPC Rating F EPC Rating: F ACCOMMODATION Entrance is on the front elevation via a covered verandah and a pvc door to the:- LOUNGE 3.5m x 3.7m With pvc walk in bay window to the front elevation, fireplace surround in inset gas fire.
KITCHEN / DINING ROOM 3.7m x 6.4m To the dining area is a tiled open fireplace with wooden mantle with built in cupboard to the chimney recess, opening to the Kitchen with base and wall units, worksurfaces with tiled splashbacks, inset sink unit, space for gas cooker, space for washing machine, pvc windows and pvc door to the rear garden.
STORE With window to the rear elevation. W.C With W.C and window to the rear elevation.
BATHROOM 2.2m x 2.3m With bath with shower attachment over, pedestal hand basin, tiled walls, pvc window to the rear elevation.
BEDROOM 1 2.3m x 3.65m With pvc window to the side elevation. BEDROOM 2 2.3m x 3.65m With pvc window to the side elevation.
BEDROOM 3 2.25m x 3.65m With pvc window to the front elevation.
OUTSIDE A path to the side of the property leads to the rear garden with concrete paths and a raised paved area, garden shed. TENURE Freehold.
SERVICES Mains gas, electric, water and sewerage services are understood to be connected.
The agents have not inspected or tested any of the services or service installations and purchasers should rely on their own survey.
VIEWING By prior appointment with Newton Fallowell office in Skegness and accompanied by their personnel.
COUNCIL TAX Charging Authority – East Lindsey District Council Band C - 2025/26 - £1,992.43 AUCTIONEERS COMMENTS Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction. AUCTIONEERS COMMENTS Cont....
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’.
The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’. These prices are subject to change.
An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. AUCTIONEERS COMMENTS Cont.............
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers’ obligations and sellers’ commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
AUCTIONEERS ADDITIONAL COMMENTS In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property.
The deposit will be a contribution to the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 7,200 inc VAT) is also required to be paid upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained.
There is no requirement or indeed obligation to use these recommended suppliers or services.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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 advisors 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.
Area
Agent & docs
FAQ
About Lifeboat Avenue, Skegness, PE25
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