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See how verdicts work3-bedroom bungalow · PE24 5RS
Sold STCListed 242 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Oxford Family Estates have bought to the market a nicely presented 3 double bedroom plus walk in wardrobe room Detached Bungalow, with a kitchen diner, utility, Garage with internal access, good size landscaped garden, freehold solar panels and oil central heating.
All of this is in a popular area of the village and a short distance to the village centre and beach. Viewing is a must,so book today!
Note: All room measurements are available in the floorplan in the gallery. We do not use any wide-angle lens photos, so rooms should feel as big or bigger than pictured.
Entrance Porch Enter into the property via a part glazed upvc door into the entrance porch with a door into the hallway.
Hallway Upvc front door opens into the hallway with a useful storage cupboard, loft access. The loft houses the hot water tank with electric immersion heater.
Lounge A good size bright lounge with duel aspect windows one being a large UPVC bow window to the front. The room is a good versatile size and has laminate flooring.
Kitchen Diner Good size kitchen/diner with duel aspect windows creating another bright room. Fitted with a range of wall and base units in a light grey with marble effect worktops.
1&1/2 bowl stainless steel sink under. Freestanding electric cooker with ceramic hob and extractor hood above. Space and plumbing for dishwasher and under counter fridge.
Currently laid out with 4 seater dining set.
Utility Room With sealed unit double glazed windows and door to the side aspect, laminate flooring, fitted with work surface and base cupboard, space for washing machine and tumble drier.
Bedroom 1 Double bedroom. With opening through to walk-in wardrobe area. With UPVC window to the rear elevation and laminate flooring throughout.
Doorway off to the 3rd bedroom which could be used as a bedroom. Or office/craft space. Bedroom 2 Double bedroom. With UPVC window to the front elevation, radiator and laminate flooring.
Bedroom 3 / office / craft room Flexible room to use to your requirements either as another bedroom or office. With UPVC window to the rear elevation, radiator and laminate flooring.
Doorways back into the kitchen and bedroom one. Bathroom Bathroom suite comprising of panelled bath with electric shower fitted over and a shower screen.
Pedestal wash hand basin with cupboard and low level w/c. Fully tiled walls and radiator. Garage Housing the oil central heating boiler with power and lighting, up and over door.
Consumer unit and solar panel photovoltaic. Intended access from the utility room. Outside The front garden is laid mostly to lawn with various trees, plants and shrubs planted.
There is a good driveway leading up to the garage providing ample parking for 2 vehicles. Gated side access leads to the rear garden.
The rear garden has a good size patio area and has various other areas laid to lawn, gravel and various plants and shrubs. The garden is enclosed with fencing.
Solar Panels The solar panels are owned outright and generate a feed-in-tariff.
Chapel St Leonards Chapel St Leonards is a lovely sea-side village on the east coast nestled between the major resorts of Skegness and Mablethorpe.
It has a population of around 3,000 and is well known for its beautiful sandy beaches and long promenades.
During the summer months it benefits greatly from tourists creating a lovely vibrant atmosphere.
The village has a lot to offer with a wide range of shops including butchers, chemist, estate agents, co-op, spar, cafes, restaurants and pubs.
There is a village hall with a full programme of regular activities, doctors surgery, two churches and a primary school.
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 Elizabeth Drive, Chapel St. Leonards, Skegness, PE24 5RS
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