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See how verdicts work2-bedroom bungalow · LN11 7QH
For saleListed 253 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***NO ONWARD CHAIN*** TES Property are delighted to offer for sale this generous two bedroom detached bungalow situated on a quiet, much sought after cul-de-sac in the popular well serviced village of North Somercotes, The property offers a spacious dining kitchen, two double bedrooms, bathroom and large living room.
There is a detached single garage and driveway with ample parking for a number of vehicles, the front garden is gravelled for easy maintenance and the back garden is mainly laid to lawn with a timber shed and greenhouse and enjoys open views to the rear with a gate providing direct access to a network of public footpaths.
Rarely do property’s come available in this highly desired area and early viewing is recommended.
Location - North Somercotes - North Somercotes is a coastal village situated midway between the sea side towns of Mablethorpe and Cleethorpes.
It is approximately 10 miles from Louth, 18 miles from Grimsby and 38 miles from Lincoln.
It is well serviced with a wealth of amenities, including two village pubs, an authentic Italian restaurant, two well stocked convenience stores, a post office, a green grocery and a popular farm shop and café.
As well as doctors’ surgery, a nursery, a primary and a secondary school. There is also a holiday park on the south side of the village with a picturesque fishing lake.
There are some pleasant walks nearby whilst the beach and coastal pathways are less than 1.5 miles away as well as the Nature Reserve Donna Nook which is less than 3 miles away, famous for its population of grey seals that visit during the winter months Kitchen - 3.30m x 4.11m (10'10" x 13'06") - Enter the property through a uPVC part glazed door, the kitchen is fitted with a range of wall and base units with contrasting worktops with tiled splash backs, there is plumbing for a washing machine, space for a fridge and electric cooker.
A uPVC double glazed window faces the front elevation, there is a radiator and space for a dining table. A door leads to the inner hall.
Living Room - 5.36m x 3.63m (17'07" x 11'11") - A large spacious living room with a bow uPVC double glazed window to the front aspect and a uPVC double glazed window to the side aspect a feature chimney breast wall has a decorative fire with wooden surround and tiled hearth, there is a central heating radiator and coving to the ceiling.
Hallway - An 'L' shaped hallway with loft access, radiator and central heating control, a uPVC door leads to an open storm porch with ceiling light.
Bathroom - 2.41m x 2.36m (7'11" x 7'09") - The bathroom is fitted with a three piece coloured suite comprising of a panelled bath with electric shower over, a wash hand basin and W.C.
There is an airing cupboard, a central heating radiator and a uPVC double glazed frosted window.
Bedroom One - 3.45m x 3.63m (11'04" x 11'11) - With a uPVC double glazed window to the rear aspect, a central heating radiator and coving to the ceiling.
Bedroom Two - 3.48m x 3.63m (11'05" x 11'11) - Having a uPVC double glazed window to the rear aspect, coving to the ceiling and a central heating radiator.
Front Garden - The front of the property's boundaries are defined by a dwarf brick wall and a pedestrian gate to one side with driveway to the other.
The area is mainly graved for easy maintenance with a long drive providing ample parking for a number of vehicles leading to a single detached garage.
A pathway leads around the perimeter of the property. Rear Garden - The rear garden is enclosed with open views to the rear and having access to a public footpath.
The area is mainly laid to lawn with a shed and greenhouse. There is a gas tank located in the rear garden.
Garage & Driveway - A driveway leads to the detached garage with up an over door and a uPVC pedestrian door accessed from the rear garden. There is power and lighting in the garage.
Services - Mains water drainage and electricity are understood to be connected.
The agents have not tested or inspected the services or service installations and buyers should rely on their own survey.
Tenure - The property is believed to be freehold and we await solicitors confirmation. Viewings - By prior appointment through TES Property office in Louth admin.
Opening Hours - Monday to Friday 9:00am to 5:00pm Saturday 9:00am to 1:00pm
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
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FAQ
About Gibsons Gardens, North Somercotes, Louth
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