We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom bungalow · PE22 7BF
Listing removedListed 212 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property Ref: 16521 An exceptional opportunity to purchase a virtually brand-new, detached bungalow completed in 2024.
Occupying a superior corner plot in the heart of the charming village of Mareham le Fen, this two-bedroom home is presented in immaculate, show-home condition.
Boasting 8.5ft high ceilings, high-speed internet, and almost the full 10-year NHBC warranty, this property offers the perfect blend of modern luxury and peaceful countryside living. No Onward Chain.
Key Features * Virtually New (2024 Build): Full peace of mind with the remainder of the NHBC warranty. * Superior Corner Plot: Generous front and rear gardens, not overlooked.
* High-End Interior: 8.5ft high ceilings, premium carpets, and fitted blinds throughout. * Large Detached Garage: Featuring internal power and two dedicated parking spaces.
* Prime Location: Walking distance to the award-winning Royal Oak pub and local chip shop. * Modern Efficiency: High-speed internet, gas central heating, and integrated appliances.
* No Onward Chain: Available for a swift and straightforward completion. Property Description Entrance Hall A large, impressive entrance hall that sets the tone for the entire property.
Featuring a substantial built-in storage cupboard and access to the large loft space, providing excellent storage potential.
Living & Dining Area This bright and airy space benefits from the property's extra ceiling height and features a stunning focal point: A modern bio-ethanol fire set against a designer slatted feature wall.
Patio doors lead directly out to the rear garden, perfect for indoor-outdoor entertaining.
Kitchen A contemporary, high-specification kitchen fitted with a range of sleek units and wood-effect work surfaces.
Fully equipped with integrated appliances including a dishwasher, washing machine, and fridge freezer.
Bedrooms Two beautifully presented double bedrooms, both finished to a show-home standard with premium carpets and high-grade underlay.
Bathroom A modern suite comprising a panelled bath with a powerful overhead power shower, wash hand basin, and low-level WC.
External The property sits on a lovely corner plot with neatly maintained lawns to the front and rear.
The rear garden is fully enclosed and not overlooked, featuring a patio area and secure side gate access.
The large detached garage includes power and lighting, with a driveway providing parking for two vehicles.
Location Located in the picturesque village of Mareham le Fen, the property is just a stone's throw from the award-winning Royal Oak pub and the highly-regarded village chip shop.
The location offers the best of Lincolnshire countryside while being perfectly positioned for: * Woodhall Spa: Famous for its championship golf and the Kinema in the Woods.
* Horncastle: The historic market town and antiques hub. * Tattershall Lakes: Ideal for water sports and family days out.
Note: There is an option to include the high-quality furniture as part of a separate negotiation.
Property Type: Detached Bungalow Full selling price: £215000.00 Pricing Options: No Status Tenure: Freehold Council tax band: B EPC rating: C Measurement: 656.599 sq.ft.
Outside Space: Front Garden, Rear Garden Parking: Garage, Driveway Heating Type: Gas Central Heating Chain Sale or Chain Free: Chain free Possession of the property: Self-occupied ---------------------------------------------------------------------------------------------------- For viewing arrangement, please get in touch with 99home.
If calling, please quote reference: 16521 gdpr Applying for the above property means you are giving us permission to pass your details to the vendor or landlord for further communication related to viewing arrangement or more property-related information.
*Virtual viewings: Some or all information pertaining to this property may have been provided solely by the vendor/landlord, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.
If you choose to make an offer based solely on a virtual viewing, then 99Home Ltd does not accept any liability for errors in the information provided, including but not limited to, measurements, photography and video content.
Aml: To comply with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers.
We use the services of a third party, , who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers.
There is a nominal charge of £20 per buyer, payable direct to AMLTeam . Please note, we are unable to issue a memorandum of sale until the checks are complete.
Referral fees We may suggest reputable providers of supplementary services, such as Conveyancing, Financial Services, Insurance, and Surveying.
If you choose to utilize their services based on our recommendation, we may receive a commission payment or another form of benefit, referred to as a referral fee.
It's important to note that you are not obligated to engage with the services of the recommended provider. *Measurements: These approximate room sizes are only intended as general guidance.
You must verify the dimensions carefully before ordering any household goods, carpets or any built-in furniture.
*General: While we endeavor 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 99home and we will be pleased to check the detailing for you, especially if you are contemplating traveling some distance to view the property.
*99home is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position.
We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
Fraud warning We have had reports of fraudulent activities in our industry. Do not make any payment directly to the landlord or the seller.
Be cautious of emails or messages asking you to transfer funds to any account, please contact us by telephone immediately to verify the authenticity of the communication and under no circumstances action the request.
If you paid any deposit or rent to 99home, we will release the fund to the landlord once you have moved in. Your safety is our top priority.
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
Agent & docs
.png)
FAQ
About 3, Banks Close, Mareham Le Fen
Explore nearby