2-bedroom bungalow · PE24 5TN
Listing removedReduced £15k (−7.3%) on 21 JunListed 231 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Gatrum Lane, Chapel St.
Leonards, Skegness, Lincolnshire, PE24 5TN Freehold – Detached Two-Bedroom Bungalow This well-proportioned freehold two-bedroom detached bungalow offers spacious single-storey living, generous outdoor space and excellent practicality, making it an ideal home for downsizers, retirees or those seeking a peaceful coastal retreat.
The property welcomes you into a bright and inviting interior, thoughtfully arranged to provide comfortable and functional living spaces.
At the heart of the home is the large kitchen/diner, offering ample room for cooking, dining and entertaining.
With generous worktop space and capacity for a substantial dining table, this area is perfect for everyday family meals or hosting guests.
The separate lounge provides a cosy yet spacious setting for relaxation.
From here, there is direct access into the conservatory, creating an additional reception area that enjoys views over the garden and allows natural light to pour into the home.
The conservatory offers a versatile space that can be used as a sitting area, reading room or garden room throughout the year.
There are two good-sized double bedrooms, both offering comfortable accommodation with space for wardrobes and additional furnishings.
The main family bathroom is well-appointed and conveniently positioned to serve both bedrooms. Externally, the property continues to impress.
A good-sized driveway provides off-road parking for multiple vehicles, offering practicality and convenience for homeowners and visitors alike.
The bungalow also benefits from a garage, providing secure parking or additional storage space.
In addition, there is a dedicated hobbies room, ideal for those seeking a workshop, craft room, home office or personal studio - adding further versatility to the property.
The surrounding outdoor space complements the home, providing potential for gardening, outdoor seating or landscaping to suit personal taste. Situated in the popular coastal village of Chapel St.
Leonards, near Skegness in Lincolnshire, the property enjoys a pleasant setting close to local amenities, shops and traditional seaside attractions.
The nearby coastline offers sandy beaches and scenic walks, while Skegness provides a wider range of retail, leisure and transport facilities.
The area combines relaxed coastal living with convenient access to everyday essentials. Viewing is highly recommended to fully appreciate the size and potential of this property.
Buyer Process: Our customers use British Homebuyers to either purchase or assist in selling properties quickly and reliably.
Therefore any new applicants to purchase are subject to vetting to ensure they meet strict criteria.
Exclusivity Fee: You can secure the purchase today by paying an exclusivity fee of £2,000 which gives you the rights to purchase within a given timeframe.
The exclusivity fee is returned to you upon successful completion of the property.
A processing fee of £200 is required in order to draw up an exclusive legally binding contract between the buyer and seller.
This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.
Paying this fee ensures that the seller takes their property off the market and reserves it exclusively for you, therefore eliminating the risk of gazumping and aborted costs.
Disclaimer The particulars are set out as a general outline only for the guidance of intended purchasers and do not constitute, any part of a contract.
Nothing in these particulars shall be deemed to be a statement that the property is in good structural condition or otherwise nor that any of the services, appliances, equipment or facilities are in good working order.
Purchasers should satisfy themselves of this prior to purchasing. The photograph(s) depict only certain parts of the property. It should not be assumed that any contents/furniture etc.
Photographed are included in the sale. It should not be assumed that the property remains as displayed in the photograph(s).
No assumption should be made with regard to parts of the property that have not been photographed.
Any areas, measurements, aspects or distances referred to are given as a guide only and are not precise. If such details are fundamental to a purchase, purchasers must rely on their own enquiries.
Descriptions of the property are subjective and are used in good faith as an opinion and not as a statement of fact.
Please make further inquiries to ensure that our descriptions are likely to match any expectations you may have.
Living Room (3.29m x 3.56m) Conservatory (2.76m x 2.75m) Kitchen (6.05m x 3.28m) Reception Room (2.79m x 2.77m) Garage (5.8m x 3.03m) Bedroom 1 (3.27m x 3.52m) Bedroom 2 (3.28m x 2.76m) Bathroom (2.71m x 2.28m)
Value & comps
No previous sales on record.
Returns
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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 advisors 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
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FAQ
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