2-bedroom bungalow · PE25 3PW
For saleReduced £8.9k (−5.4%) on 21 AugListed 440 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description An extended semi detached bungalow in a highly sought after crescent just off Richmond Drive in Skegness;- a short walk to supermarkets, a health club, Richmond school and the town centre.
The location is also handy for getting to Seacroft golf course and Gibraltar Point Nature Reserve. The home offers two double bedrooms, a shower room, lounge and extended kitchen/dining room.
Outside offers a driveway/off road parking + garage & low maintenance front garden with an equally low maintenance courtyard style enclosed rear garden.
Additional benefits include gas central heating & uPVC double glazing. The property would benefit from some general modernisation and upgrading but is for sale with no upward chain to worry about.
Viewings are now available by appointment. Entrance Porch: Having a UPVC double glazed entrance door, tiled floor with further glazed door to hallway.
Hall: With a glazed entrance door, radiator, access to roof space (with ample room to consider conversion options, subject to any relevant planning/building regulations).
Lounge: 4.17m x 3.05m (13'8" x 10') , Having a decorative fireplace and hearth incorporating living flame gas fire with fire surround and mantle, radiator and wall light points.
Kitchen: 2.79m x 2.18m (9'2" x 7'2") , Having a single drainer stainless steel sink unit set in work surfaces extending to provide base cupboard under together space and plumbing for washing machine and tumble dryer, further range of fitted base cupboards and drawers with work surfaces and wall mounted cupboards above, integrated electric oven with four ring electric hob and filter hood over, tiled splash back to work surfaces, cupboard housing ideal gas central heating combination boiler, inset ceiling spotlights and open plan to dining/sunroom.
Dining/Sun Room: 3.05m x 2.74m (10' x 9') , With a radiator and UPVC double glazed doors to the driveway/garage and rear garden. Bedroom One: 3.66m x 3.05m (12' x 10') , With a radiator.
Bedroom Two: 2.79m x 2.46m (9'2" x 8'1") , With a radiator.
Shower room: 1.83m x 1.68m (6' x 5'6") , Being tiled with a three-piece suite comprising tiled shower cubicle with electric shower therein, pedestal wash basin, low-level WC and radiator.
Outside: Front: The property is approached over a concrete driveway providing off road parking for several cars and access to the garage. Front gardens are mainly lawned with inset shrubs and tree.
Rear: The rear gardens are mostly paved for ease of maintenance with a small, well-stocked shrub border containing various plants shrubs and bushes and all being enclosed.
Garage: 4.78m x 2.39m (15'8" x 7'10") , Of brick construction with concrete floor and up and over door.
Value & comps
No previous sales on record.
Returns
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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 35, Kingsthorpe Crescent, Skegness
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