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See how verdicts work3-bedroom house · PE24 5LP
Listing removedReduced £5k (−2.1%) on 28 JulListed 185 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary A spacious 2-3 bedroom detached bungalow situated on Storeys Lane in the sought-after market town of Burgh Le Marsh.The property offers well-proportioned accommodation including entrance hallway, generous lounge, kitchen, dining room, shower room and 2/3 bedrooms, garage, carport and driveway.
Description ***Sold with no onward chain*** Situated in the desirable market town of Burgh Le Marsh, this spacious three-bedroom detached bungalow offers well-proportioned accommodation and excellent potential for those seeking single-level living in a pleasant residential location.
The property is accessed via an entrance hallway which leads through to a good-sized lounge, offering a bright and comfortable living space ideal for relaxing or entertaining.
The kitchen provides ample room for fitted units and workspace, with scope for modernisation if desired.
There are three bedrooms, all offering versatile accommodation suitable for family living, guests or use as a home office. The third bedroom is currently being used as a dining room.
The shower room is conveniently located and fitted with essential facilities. Externally, the property sits on a lovely plot with gardens to both the front and rear.
The rear garden offers a private outdoor space ideal for enjoying the warmer months.
To the front of the property there is a driveway providing off-road parking which leads to a car port and garage, offering additional parking, storage or workshop space.
This bungalow presents a fantastic opportunity for buyers looking to personalise a property in a popular and well-connected village location close to the coast.
Entrance Porch Accessed via a single door from the side of the property, leads into an open porch leading directly into the hallway.
Entrance Hallway With radiator, loft hatch access and storage cupboard with shelving and radiator and also houses a Viessman boiler which has been installed in the last 18 months.
Lounge 15' 5" x 12' ( 4.70m x 3.66m ) Window to front elevation, radiator and gas fire with surround, mantle and hearth.
Kitchen 12' 2" x 9' 4" ( 3.71m x 2.84m ) Wall, base and drawer units with worktop space over, one and a half stainless steel sink & drainer, tiled splashbacks, space and plumbing for a washing machine, space for a free-standing cooker, window to rear elevation and a door leading out to the side of the property.
Bedroom 1 12' 6" x 10' 3" ( 3.81m x 3.12m ) Large double bedroom with window to front aspect and radiator.
Bedroom 2 12' 7" x 10' ( 3.84m x 3.05m ) Large double bedroom with window to rear elevation and radiator. Bedroom 3 8' 10" x 8' ( 2.69m x 2.44m ) Window to side elevation and radiator.
Shower Room Shower, Wc, Sink, tiled walls, radiator and window to side elevation.
Front Garden A low maintenance front garden mainly laid to lawn with concrete driveway leading down the side of the property to the car port and garage.
Rear Garden A low maintenance rear garden, mainly laid to lawn with flower and plant borders and patio area. Agents Note We have marketed the property as a 2-3 bed detached bungalow.
The third bedroom is currently set up as a dining room but could be used as a third bedroom, study/home office or craft room.
Local Area Burgh Le Marsh is a charming and historic market town located just a few miles from the popular seaside resort of Skegness.
The town offers a range of local amenities including supermarkets, independent shops, cafés, pubs and medical facilities, providing a strong sense of community.
The area is well known for its traditional windmill, scenic countryside surroundings and convenient access to the Lincolnshire coast.
Skegness is only a short drive away, offering sandy beaches, seaside attractions, schools and further shopping facilities.
The surrounding villages and countryside also provide excellent walking routes and a relaxed lifestyle, making Burgh Le Marsh a highly desirable place to live. 1.
Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither sequence (UK) limited nor any of its employees or agents 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
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.
Area
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FAQ
About 53, Storeys Lane, Skegness
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