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See how verdicts work2-bedroom bungalow · LN10 6AQ
For saleListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Walters are delighted to offer to the market this beautifully maintained and impressive modern bungalow, prominently situated at the entrance to the highly sought-after Hotchkin Gardens.
Formerly the show home for McCarthy & Stone, the property provides spacious and versatile accommodation specifically designed for those aged 55 years and over, and has been finished to an exceptional standard throughout.
The well-appointed accommodation includes two generous double bedrooms and offers a superb combination of comfort, practicality and modern living.
Further benefits include electric central heating, together with solar panels which generate surplus energy and, once appropriately registered, may provide the potential for a regular monthly income.
A particularly appealing home offering low-maintenance living, excellent energy efficiency and a desirable position within this popular development.
The Agent's highly recommend a internal inspection of this property to experience the quality of accommodation on offer.
RECEPTION HALL Having electric wall heater, in-set ceiling lights and access to the roof void. LOUNGE 15' 9" x 12' 1" (4.8m x 3.68m) Having feature bay window to the side aspect, electric wall heater.
TV and telephone points.
DINING KITCHEN 17' 9" x 11' 0" (5.41m x 3.35m) Having single drainer sink unit with mixer taps, range of base cupboards and drawers under worktops with wall cupboards over and concealed lights.
Built-in fan assisted oven and grill, four ring ceramic hob with extractor fan and light over, integral fridge and freezer, electric wall heater.
uPVC sealed double glazed double doors to the rear garden and patio area.
UTILITY ROOM 7' 2" x 4' 5" (2.18m x 1.35m) Having worktops with base cupboards under and further storage cupboard housing the hot water tank. BEDROOM ONE 13' 5" x 10' 4" (4.09m x 3.15m) (Plus access).
Having electric wall heater, TV and telephone points. LARGE WALK-IN WARDROBE 5' 6" x 4' 8" (1.68m x 1.42m) Having ample shelving and hanging rails.
EN-SUITE SHOWER ROOM 8' 4" x 7' 3" (2.54m x 2.21m) Having large walk-in tiled shower cubicle, vanity hand basin with cupboards under and with wall mirror over.
Low level WC, tiled flooring, part-tiled walls, heated towel rail, extractor fan and shaver point. BEDROOM TWO 16' 0" x 8' 8" (4.88m x 2.64m) With electric wall heater, TV and telephone points.
BATHROOM 6' 9" x 6' 6" (2.06m x 1.98m) Having panelled bath with shower mixer taps, side screen, pedestal hand basin with wall mirror over and low level WC.
Part-tiled walls, tiled floor, heated towel rail, extractor fan, shaver point. OUTSIDE - GARAGE 22' 0" x 11' 0" (6.71m x 3.35m) Having up-and-over and side personal door, power and light connected.
THE GARDENS There is a driveway fronting the garage providing parking for one vehicle with a gated access leading to the fully enclosed and private rear garden, mainly laid to lawn with a small slabbed patio area.
The front gardens are of a convenient size, laid to lawn and view beyond over the communal land which leads to the entrance of Hotchkin Gardens from Tattershall Road.
There is a PAVILION for residents, with various social gatherings and activities, usually well attended. OUTGOINGS - The property is situated within the East Lindsey District Council. Property Band C.
There is also a Management Charge of approximately £125 per month, covering the maintenance of communal areas and the pavilion for residents of Hotchkin Gardens.
The Solar panels provide electricity including heating and any surplus could be provided to the grid and could receive a monthly income from this once registered.
POSSESSION - Vacant possession will be given on completion. FIXTURES AND FITTINGS - All those detailed are included in the sale as the fitted carpets and blinds where fitted.
All furnishings within the bungalow could be available for purchase by separate negotiation. VIEWINGS - Strictly and only by prior appointment to be made through the Sole Selling Agent - Walters.
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
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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 Hotchkin Gardens, Woodhall Spa
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