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 house · DN21 3QH
Listing removedListed 182 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
'Mountcastle Bungalow' offers a rare opportunity to purchase a large detached bungalow that requires an extensive renovation with excellent potential to create a dream home.
Positioned towards the fringe of the village with open views to the front and occupying a substantial plot with ample parking accompanied by L-shaped outbuildings.
The accommodation comprises, central reception hallway, cloakroom, spacious living room, formal dining room, oak fitted kitchen with a utility room, rear entrance/boot room, inner hallway leading to 3 double bedrooms with a family bathroom and seperate toilet.
Finished with uPvc double glazing and an oil fired central heating system. To fully appreciate an internal inspection is essential.
For further information or to arrange a viewing please contact our Scunthorpe office.
Central Reception Hallway (1.55m x 7.95m) Front facing woodgrain effect uPVC double glazed window with side matching entrance door, part tiling to walls, tiled flooring, storage recess and internal hallway through to the bedrooms and bathroom.
Cloakroom (1.93m x 1.09m) Has low flush WC and wall mounted wash hand basin.
Living Room (6.73m x 3.68m) Enjoys a dual aspect with front and side woodgrain effect uPVC double glazed windows, rear aluminium framed double glazed sliding patio doors to the garden and stone built fireplace with inset live flame coal effect gas fireplace.
Dining Room (3.66m x 4.27m) Enjoys a dual aspect with front and side woodgrain effect uPVC double glazed windows, rear aluminium framed double glazed sliding patio doors to the garden and stone built fireplace with inset live flame coal effect gas fireplace.
Kitchen (3.66m x 3.35m) With side woodgrain effect uPVC double glazed window.
The kitchen has an extensive range of golden oak fitted furniture, patterned worktop with a one and a half bowl stainless steel fitted sink unit with drainer to the side and block mixer tap and four ring gas hob with eye level double oven.
Utility Room (3.68m x 2.18m) Side woodgrain effect uPVC double glazed window, range of base units with a stainless steel sink unit above, plumbing for a washing machine, lino flooring and doors through to; Large Rear Boot Room (2.16m x 3.25m) With a side woodgrain effect uPVC double glazed window, matching entrance door, floor mounted Ideal Mexico gas boiler and lino flooring.
Inner Hallway Built-in airing cupboard with cylinder tank and doors off to; Master Bedroom 1 (3.91m x 3.91m) Side woodgrain effect uPVC double glazed window.
Double Bedroom 2 (3.91m x 3.73m) Side woodgrain effect uPVC double glazed window. Double Bedroom 3 (3.02m x 3.86m) Side woodgrain effect uPVC double glazed window.
Bathroom (2.72m x 2.06m) Has a 3 piece suite in white comprising a vanity wash hand basin, panelled bath, corner shower and wooden style cushioned flooring. Seperate WC Has a low flush WC.
Outbuildings The property has the benefit of a substantial brick built garage with adjoining store and open cart shed. Double Glazing Full woodgrain effect uPVC double glazed windows and doors.
Central Heating There is a gas fired central heating system to radiators.
Garden The property occupies a prominent corner plot with excellent views of the front having a hard standing driveway providing parking for numerous vehicles and access to the garage, matching concrete pathways lead to both entrance doors.
Surrounding gardens are principally lawned with mature hedged boundaries with planted borders.
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
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FAQ
About 1 Laughton Road, Gainsborough
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