Modern Method of Auction
Auction date not yet published
4-bedroom bungalow · PE20 1JW
For saleReduced £10k (−4.5%) on 12 AugListed 102 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Being Sold by goto Online Auction Starting Bids from £235,000 Buy It Now option available Positioned in the popular village of Boston, this spacious four-bedroom home offers a practical layout with plenty of living space.
The ground floor features a welcoming entrance hall, a generous lounge, a separate breakfast bar, a fitted kitchen, a utility room and a convenient WC., you'll find Four well-proportioned bedrooms and a family bathroom.
The versatile layout provides plenty of space for everyday living, entertaining or working from home.
Ideally located within easy reach of local amenities, schools (subject to confirmation) and transport links, this property offers an excellent opportunity for buyers looking to put their own stamp on a well-proportioned home.
This property is offered for sale via the Online Modern Method of Auction, a flexible and buyer-friendly way to purchase.
Buyers have 56 working days to exchange and complete from receipt of the draft contract, or 10 working days after payment of the Buyer’s Premium, whichever is earlier.
This timescale allows buyers to proceed with traditional residential finance.
If the auction is successful, or the vendor accepts an offer during the auction, the buyer will be required to pay a non-refundable Buyer’s Premium, securing the property and removing it from the market.
Buyers must agree to the auction terms and conditions before solicitors are instructed. Full details are available on the goto Auctions website or via Purplebricks.
Please note the property is subject to an undisclosed Reserve Price, typically no more than 10% above the Starting Bid. Prices are subject to change. To book a viewing, visit Purplebricks.
General Information A Buyer’s Premium of 3.6% of the purchase price plus VAT applies (minimum £6,600 plus VAT), along with a Legal Pack fee of £396 including VAT.
These fees are payable in addition to the purchase price and may be considered for Stamp Duty Land Tax calculations. Buyers should seek advice from their legal representative.
General Information – Auctioneer’s Comments The Modern Method of Auction does not require exchange on the fall of the hammer.
Instead, buyers are given time to complete the transaction, allowing for mortgage arrangements. The Buyer’s Premium secures the property during the Reservation Period.
All terms, conditions and the Reservation Form are available within the Legal Pack. Material Information Information provided by the vendor, agent and goto Group may not be fully verified.
Buyers should refer to the Legal Pack, available once registered, and carry out their own due diligence before proceeding.
Property Ownership Information Tenure Freehold Council Tax Band C Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Purplebricks and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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
Agent & docs
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FAQ
About 3, Princess Road, Boston
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