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 · PE25 2LP
Listing removedReduced £10.1k (−5.3%) on 21 JunListed 522 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
HomeMove Estate Agents Lincolnshire are delighted to offer for sale, this attractive and affordable two-bedroom detached bungalow situated in a residential area on the edge of the coastal resort of Skegness, Close to the local doctors surgery, post office and local shops.
In brief the property comprises hallway, lounge, fitted kitchen, two double bedrooms and a modern shower room. Externally the property has gardens, a driveway and garage.
The property is available with no upper chain for a quick completion if required.
Entrance Hall - Having timber and glazed entrance door, electric fuse box, telephone point, radiator, access to the roof space, airing cupboard housing the wall mounted gas fired central heating boiler.
Lounge - Having window to the side elevation, French doors to the rear elevation, gas point and two radiators.
Kitchen - Having window to the rear elevation, plumbing for automatic washing machine, radiator, fitted with a range of base & wall units with work surfaces with: 1 1/2 bowl stainless steel sink with drainer & mixer tap inset to work surface, Work surface return with inset electric hob, integrated electric oven, & stainless steel cooker hood over.
Bedroom One - Having window to the front elevation, radiator. Bedroom Two - Having window to front elevation, radiator.
Shower Room - Having window to side elevation, radiator, extractor, dual flush wc, pedestal wash hand basin, wall to wall shower enclosure with mains fed shower.
Exterior - The property has a coloured flint and shrub area with a block paved driveway leading to the garage, having an outside light.
Rear – Having fencing to the boundary, low maintenance design being laid to gravel with trees and shrubs set Garage – Having up and over door, concrete floor, electricity connected. (16’10 x 9’0).
Situation: Situated on the edge of the coastal resort of Skegness with several local amenities close by including post office, doctors, primary school etc.
A brisk twenty-minute walk from the town centre. General Information: Tenure: Freehold. Local Authority: East Lindsey District Council. The agency website indicates Tax band: B. Energy Rating: C.
Carl Smith, HomeMove Lincolnshire: Carl joined the HomeMove team in 2021, bringing over 20 years of experience in the property industry and more than 15 years of managing estate agency branches across Skegness, Louth, and Grantham.
With his comprehensive understanding of the Lincolnshire property market, Carl is proud to be considered a local expert.
In 2025, HomeMove Lincolnshire was proudly recognised as the estas Winner for ‘Best Agent in the PE25’ postcode. Feel free to reach out to Carl for professional property advice and support.
* When you make an offer on a property, we are required by law to carry out id and Financial verification checks.
As part of this we will need to see documents including Proof of id, Address and Financial Statements and we will carry out a ‘SmartSearch’ chargeable at £7.50 per buyer.
HomeMove Estate Agents may be paid a referral fee for introducing clients to their preferred EPC, Conveyancing, Survey and Mortgage service providers.
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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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.
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FAQ
About 2, Mowbray Close, Skegness
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