3-bedroom house · PE24 4TR
For saleListed 335 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description A country cottage located within the village of Addlethorpe ideal for the Lincolnshire coastline and the popular seaside town of Skegness.
The home features all the charm you’d expect from a character cottage, including exposed brick walls, an open fireplace, a wood-burner, and ceiling beams.
Having lounge, dining room, kitchen, conservatory, bathroom and three bedrooms. The outside of the property offers driveway providing off road parking for two cars plus further driveway with garage.
The front garden is laid to gravel with artificial grass being ideal for flower pots and tubs.
The rear garden is mainly laid to lawn with raised decked seating area, concrete slabbed patio are and a range of animal enclosures.
Additional benefits include solar panels, ground source heat pump and double glazing . With viewings available now - by appointment only.
Entrance Porch: Having wood panelled entrance door and glazed door to dining room.
Dining Room: 3.61m x 4.65m (11'10" x 15'3") , Having feature exposed brick fireplace and hearth incorporating cast iron wood Bruner, radiator, three wall mounted light points and beams to ceiling.
Lounge: 3.61m x 5.56m (11'10" x 18'3") , Having feature exposed brick fire place incorporating open grate fire with wooden fire surround and mantle, television point, four wall mounted light points, two radiators and beams to ceiling.
Kitchen: 5.79m x 2.49m (19' x 8'2") , Having one and a half bowl stainless steel single drainer sink unit with mixer tap over set in work surfaces extending to provide a range of base fitted storage cupboards and drawers under together with matching range of wall mounted storage cupboards over, tile splash backs to work surfaces, space for cooker, space and plumbing for washing machine, space and plumbing for dishwasher, space for fridge/freezer, four wall mounted light points and beams to ceiling.
Conservatory: 2.87m x 4.42m (9'5" x 14'6") , Having space for tumble dryer, four wall mounted light points, tiled floor and stable style rear entrance door to the rear garden Bathroom: 1.70m x 2.11m (5'7" x 6'11") , Being tiled and having a three piece suite comprising of P shaped bath with electric shower over and shower screen, hand wash basin set in toiletry cupboard, close coupled wc with concealed cistern, heated towel rail and inset ceiling spotlights.
Stairs and Landing: Bedroom One: 3.58m x 3.48m (11'9" x 11'5") , Having a range of fitted wardrobes with hanging rails and shelving, radiator and ceiling light point.
Bedroom Two: 2.54m x 4.11m (8'4" x 13'6") , Having built in wardrobes with hanging rails and shelving, built in airing cupboard housing hot water immersion tank, radiator ceiling light point and access to bedroom three.
Bedroom Three: 3.53m x 2.24m (11'7" x 7'4") , Having built in storage cupboard, radiator and ceiling light point.
Outside: Front: The property is approached over a driveway offering parking for two cars with a further driveway with access to the garage.
The front garden is mainly laid to gravel being ideal for flower pots and tubs with artificial grass, surrounding hedges and a range of animal enclosures.
Rear: The rear garden is mainly laid to lawn with concrete slabbed patio seating area, raised decked seating area with bar and a range of animal enclosures.
Garage: Being of brick construction with concrete floor and up and over garage door. Buyers Notes: The property benefits from solar panels (which the agents understand are owned outright)
Value & comps
No previous sales on record.
Returns
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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 Old Cottage, Orby Road, Skegness
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