3-bedroom bungalow · PE24 5NA
Listing removedListed 310 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description An excellent opportunity to purchase a detached bungalow and an ideal refurbishment project to upgrade and modernise to your own style.
The property is nicely positioned in the heart of the sought after village of Burgh le Marsh, just a short walk from the historic town centre with various shops and pubs, a restaurant and church.
The bungalow offers three bedrooms a lounge, kitchen & bathroom with separate WC. Outside there is a good sized front and back garden as well as a garage and driveway.
Whilst some improvements have been carried out, the property requires an extensive programme of modernisation works and has been priced accordingly.
With no upward chain to worry about, viewings are now available - by appointment.
Entrance Hall: Kitchen: 3.45m x 2.69m (11'4" x 8'10") Bedroom Three: 2.69m x 2.69m (8'10" x 8'10") Inner Hall: With built in linen cupboard.
Lounge: 5.74m x 3.40m (18'10" x 11'2") Bedroom One: 3.71m x 3.05m (12'2" x 10') Bedroom Two: 4.01m x 2.39m (13'2" x 7'10") Bathroom: 2.36m x 1.52m (7'9" x 5') Separate WC/Cloakroom: Outside: Front: Rear: Garage: Of brick construction with concrete floor and up and over door.
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
Agent & docs
FAQ
About 22, Dawson Drive, Skegness
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