2-bedroom bungalow · LN12 1NA
Sold STCListed 491 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
It is a pleasure for Choice Properties to bring to the market this detached two bedroom bungalow ideally located in a quiet residential position only a short walk from the beach.
The abundantly light and well laid out accommodation benefits from a mains gas central heating system, uPVC double glazing throughout, a redecorated interior, new carpets, new plumbing and pipework and comprises:- Hallway - 0.89m x 3.40m (2'11" x 11'02") - Front door leading into the 'L' shaped hallway, with the wall mounted thermostat, loft access and doors to: Kitchen - 2.77m x 3.40m (9'01" x 11'02") - Fitted with a range of wall and base units with worktop over, one and a half bowl stainless steel sink with drainer and mixer tap, integrated oven, four ring gas hob with extractor hood over, space for a freestanding under-counter fridge, space and plumbing for a washing machine, space for a dining table, partly tiled walls and a rear door.
Reception Room - 4.78m x 3.71m (15'08" x 12'02") - Light and airy reception room fitted with double opening 'French' doors to the garden and an electric feature fireplace; set in a feature surround.
Bedroom 1 - 3.56m x 3.68m (11'08" x 12'01") - Spacious double bedroom. Bedroom 2 - 2.41m x 3.43m (7'11" x 11'03") - Double bedroom.
Bathroom - 1.96m x 2.29m (6'05" x 7'06") - Fitted with a three piece suite comprising a panelled bath tub with single hot and cold taps; with mains fed shower over, pedestal hand wash basin with single hot and cold taps and WC with cistern lever, inset spot lighting, an extractor fan and partly tiled walls.
Driveway - Providing off street parking. Garage - 2.74m x 5.23m (9'00" x 17'02") - With an up and over door, power and lighting.
The garage also houses the wall mounted 'Ideal' combination boiler; supplying both the central heating and hot water systems.
Garden - The property is fronted by a lawned garden with central path leading to the front door. To the rear of the property you will find a further privately enclosed lawned garden.
Tenure - Freehold Viewing Arrangements - By appointment through Choice Properties on . Opening Hours - Monday to Friday 9.00 a.m to 5.00 p.m. Saturday 9.00 a.m. to 3.00 p.m.
Making An Offer - If you are interested in making an offer on this property please have a chat with us and we will be happy to start the negotiations for you.
Under money laundering regulation we will ask you to provide us with formal photographic ID by way of either a passport or driving licence.
If you are travelling from afar we would advise bringing this documentation with you just in case this home is perfect for you.
We would also like to make you aware that we will require details of your estate agents, proof of funds should you be a cash buyer and solicitors details, as this helps us to start the transaction quickly for you.
Council Tax Band - Local Authority - East Lindsey District Council, The Hub, Mareham Road, Horncastle, Lincolnshire, LN9 6PH Tel. No.
Website: Council Tax Band - According to the Valuation Office Agency Website the property is currently in Council Tax Band B.
Choice Properties have not tested any included apparatus, equipment, fixtures, fittings, central heating systems or services mentioned in these particulars and purchasers are advised to satisfy themselves as to their working order and condition.
Buyers are strongly advised to obtain verification from their Solicitor or Surveyor regarding the working order and condition of all the items included.
These particulars do not constitute, nor constitute any part of, an offer or contract.
All statements contained in these particulars as to this property are made without responsibility on the part of Choice Properties or the vendors or lessors.
None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact.
All measurements have been taken as a guide to prospective buyers only, and are approximate.
Any intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars The vendors do not make or give and neither Choice Properties nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to this property.
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.
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About Ivel Close, Mablethorpe
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