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 work3-bedroom bungalow · PE11 3PQ
For saleReduced £35k (−11.7%) on 26 OctListed 219 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
58 PENNYTOFT LANE Spacious detached 3 bedroom bungalow. Accommodation comprising entrance hallway, lounge diner, sun room, kitchen breakfast room, rear porch, 3 bedrooms and family bathroom.
Established rear gardens, in and out driveway providing ample parking, tandem garage. No chain.
ACCOMMODATION Open porch with tiled floor leading through an obscure UPVC double glazed door into: ENTRANCE HALLWAY 19' 10" x 13' 4" (6.06m x 4.07m) Coved ceiling, 2 centre light points, access to loft space, 2 radiators, telephone point, cupboard housing electric consumer unit board, double fitted wall light, central heating thermostat, storage cupboard off housing hot water cylinder with slatted shelving and central heating controls, obscure glazed door into: LOUNGE DINER 12' 0" x 21' 2" (3.66m x 6.46m) UPVC double glazed window to the front and side elevations, coved ceiling, decorative ceiling rose, centre light point, built-in alcove shelving, 2 radiators, TV point, wooden glazed doors leading into Sun Room, Limestone fireplace with fitted gas coal effect fire, wall light.
SUN ROOM 4' 1" x 8' 2" (1.26m x 2.49m) Aluminium double glazed window to the side elevation, aluminium double glazed sliding patio doors to the rear elevation, wooden beamed ceiling, electric wall heater.
From the Entrance Hallway a door leads into: KITCHEN BREAKFAST ROOM 8' 4" x 12' 11" (2.55m x 3.95m) Wooden obscured glazed window to the rear elevation and UPVC double glazed window to the rear elevation, wood panelled ceiling, 2 centre light points, radiator, tiled flooring, TV point, fitted with a wide range of base and eye level units, work surfaces over, tiled splashbacks, part wall tiling to the kitchen, inset sink with mixer tap, integrated gas hob with extractor hood over, integrated electric oven, sliding door into: WALK-IN PANTRY 3' 0" x 4' 6" (0.93m x 1.39m) Skimmed ceiling, centre light point, tiled flooring, shelving.
From the Kitchen Breakfast Room an obscured glazed door leads into: REAR PORCH 5' 6" x 6' 9" (1.70m x 2.08m) Brick construction with UPVC double glazed window, UPVC double glazed door to the side elevation, skimmed ceiling, strip lighting, plumbing and space for washing machine, storage cupboard off.
From the Entrance Hallway door into: MASTER BEDROOM 10' 11" x 13' 10" (3.35m x 4.24m) UPVC double glazed window to the front elevation, coved ceiling, centre light point, radiator, fitted furniture comprising 2 double wardrobes, over bed storage units, built-in head board.
BEDROOM 2 8' 11" x 13' 6" (2.72m x 4.13m) UPVC double glazed window to the front elevation, coved ceiling, 2 centre light points, radiator.
BEDROOM 3 6' 11" x 11' 6" (2.11m x 3.53m) UPVC double glazed window to the rear elevation, coved ceiling, centre light point, radiator.
FAMILY BATHROOM 6' 10" x 8' 2" (2.10m x 2.51m) Obscured UPVC double glazed window to the rear elevation, coved ceiling, centre spotlight fitment, radiator, illuminated mirror, extractor fan, fitted with a three piece suite comprising low level WC, pedestal wash hand basin with taps, 'P' shaped bath with taps, shower screen and fitted thermostatic shower over.
EXTERIOR There are hedged boundaries to the front and side elevations, in and out gravelled driveway providing multiple off-road parking.
The front garden is laid to lawn with a range of mature shrubs and trees. There is gated access to the rear.
TANDEM GARAGE 8' 7" x 29' 8" (2.63m x 9.05m) Electric garage door, strip light, power points, Glow Worm boiler, 2 UPVC double glazed windows to the side elevation, wooden door to the side elevation, cold water tap.
REAR GARDEN Mainly laid to lawn with a wide range of mature shrub and tree borders, garden pond, patio, external lighting.
Attached to the bungalow there is: BRICK BUILT STORAGE SHED BRICK BUILT OUTSIDE WC Lighting and fitted with a low level WC. DIRECTIONS From our office proceed north on Pinchbeck Road.
Go straight at the next 2 sets of Traffic lights, and straight on at the roundabout.
Just after the next set of traffic lights, turn left onto Market Way, bear right onto Pennytoft Lane and the property can be found on your right hand side.
AMENITIES Pinchbeck has a range of shops, awarding winning butchers, doctors surgery, primary school, public house and sports clubs all within easy walking distance of the property.
Spalding town centre is less than 2 miles distance and offers a full range of shopping, banking, leisure, commercial, educational and medical facilities along with bus and railway stations.
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 58, Pennytoft Lane, Pinchbeck
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