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 · LN7 6LH
Listing removedReduced £20.1k (−11.8%) on 11 SepListed 139 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detached bungalow in popular village location. Spacious accommodation comprising entrance hall, lounge diner, kitchen, 3 bedrooms and bathroom.
Gardens front and rear, extensive driveway, garage and workshop!
Viewing advised Situation North Kelsey is a picturesque village located in the Lincolnshire countryside, approximately 6 miles from Caistor and 8 miles from Market Rasen.
The village exudes a tranquil, rural charm with its winding lanes, traditional stone cottages, and welcoming community.
The village offers a peaceful rural lifestyle whilst benefiting from a range of local amenities, including the well-regarded Kelsey Primary School, a community shop, bowling club, village hall, and the popular Butcher’s Arms public house.
Surrounded by attractive open countryside, North Kelsey enjoys a strong sense of community and provides an ideal setting for families and those seeking a quieter way of life, whilst remaining well connected to nearby towns and transport links yet retains its peaceful and slow-paced lifestyle, making it a sought-after destination for both residents and visitors looking for a retreat from urban bustle.
Entrance Hall (3.27m x 1.15m (10'9" x 3'9")) UPVC entrance door with adjoining side screen, radiator and roof void access Lounge Diner (3.59m x 5.24m (11'9" x 17'2")) Double glazed window to rear aspect, radiator, laminate flooring and feature fire place Kitchen (3.6m x 2.76m (11'10" x 9'1")) A range of fitted wall and base units, stainless steel sink unit, space and plumbing for washing machine, space for cooker, tiled splash backs, oil fired boiler, vinyl flooring, cupboard housing hot water cylinder, double glazed window to rear aspect and uPVC side entrance door Bedroom 1 (3.25m x 3.36m (10'8" x 11'0")) Double glazed window to front aspect and radiator Bedroom 2 (3.24m x 2.79m (10'8" x 9'2")) Double glazed window to front aspect and radiator Bedroom 3 (2.36m x 2.83m (7'9" x 9'3")) Double glazed window to front aspect and radiator Bathroom (2.54m x 1.63m (8'4" x 5'4")) 3 piece suite comprising low level WC, pedestal hand wash basin, panelled bath with electric shower over, tiled splash backs, vinyl flooring, radiator and double glazed window to rear aspect Gardens Benefitting from gardens front and rear being mostly laid to lawn Garage & Workshop Up and over door, power and lighting with workshop attached Driveway Extensive driveway providing ample off road parking for a number of vehicles Agents Notes These particulars are for guidance only.
Lovelle Estate Agency, their clients and any joint agents give notice that:- They have no authority to give or make representation/warranties regarding the property, or comment on the services, tenure and right of way of any property.
These particulars do not form part of any contract and must not be relied upon as statements or representation of fact. All measurements/areas are approximate.
The particulars including photographs and plans are for guidance only and are not necessarily comprehensive. Next Steps Successful buyers will be required to complete anti-money laundering checks.
Our partner, Hipla, will carry out the initial checks on our behalf. The current non-refundable cost is £24 inc. VAT per person.
You’ll need to pay this and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring that might be required.
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
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FAQ
About 15, Patricks Close, North Kelsey
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