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 3PQ
Sold STCReduced £5k (−2.9%) on 18 AugListed 227 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary A well presented two bedroom semi-detached bungalow situated in a popular residential location on Richmond Drive, Skegness.
Offering a welcoming entrance hallway, spacious lounge, modern fitted kitchen, shower room and rear porch. The property further benefits from a garage/workshop.
Description Situated within a well regarded residential area of Richmond Drive in Skegness, this well maintained two bedroom semi-detached bungalow offers comfortable and practical living accommodation, ideal for a range of buyers including those looking to downsize or enjoy single-level living.
The property is entered via a welcoming entrance hallway which provides access to the main living accommodation.
The spacious lounge offers a bright and relaxing space, perfect for everyday living and entertaining.
The bungalow features a modern fitted kitchen with a range of wall and base units, providing ample storage and workspace.
To the rear of the property is a useful rear porch which offers additional access to the garden. There are two well-proportioned bedrooms and a shower room fitted with modern fixtures and fittings.
Externally, the property benefits from a driveway to the front providing off-road parking.
To the rear is a low maintenance enclosed garden, ideal for those seeking outdoor space without extensive upkeep.
A particular feature of the property is the garage/workshop which is fitted with an electric roller door, offering excellent storage, secure parking or space for hobbies and projects.
Viewing is highly recommended to fully appreciate the accommodation and convenient location on offer.
Entrance Hallway Accessed via a single Upvc door leading into the hallway with access to all other rooms.
Lounge 12' 2" x 10' 9" ( 3.71m x 3.28m ) Spacious lounge with windows to two aspects and radiator.
Kitchen 13' 7" x 8' 11" ( 4.14m x 2.72m ) Modern white gloss fitted kitchen with wall, base & drawer units with worktop space over, inset sink and drainer, space for appliances, window to rear elevation and door leading to rear porch.
Bedroom 1 10' 10" x 10' 9" ( 3.30m x 3.28m ) Window to rear elevation and radiator. Bedroom 2 9' 7" x 7' 11" ( 2.92m x 2.41m ) Window to front elevation and radiator.
Shower Room Shower unit, sink, Wc and window to rear elevation. External Front With a front garden and driveway which leads down the side of the property to the garage.
Garage 20' 4" x 14' 10" ( 6.20m x 4.52m ) A detached garage/ workshop with power and elecric roller door. External Rear A low maintenance paved rear garden with fencing.
Local Area Richmond Drive is situated within a well established residential area of Skegness, conveniently located for a range of local amenities including supermarkets, shops, healthcare services and public transport links.
The popular seaside town centre and Skegness seafront are just a short distance away, offering a variety of restaurants, cafés, entertainment venues and coastal attractions.
The area also benefits from good road links to surrounding towns and villages, making it a convenient and desirable location for both permanent residents and those seeking a coastal retreat. 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
Agent & docs
.png)
FAQ
About 52, Richmond Drive, Skegness
Explore nearby