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 work4-bedroom house · PE24 4DU
Listing removedListed 209 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £90,000.
This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted.
Ultimately a transparent process which provides speed, security and certainty for all parties. A semi detached house in the small Lincolnshire town of Wainfleet All Saints.
The location is ideal - just a few minutes walk into the town centre and train station with a direct line to Nottingham & Skegness + links to London.
The property comprises of lounge/diner, kitchen, utility room wc, four bedrooms and bathroom.
The outside of the property offers gravelled & concrete driveway providing ample parking for several vehicles.
The front garden is laid to artificial lawn with garden path leading to the front door. The rear garden is laid to part artificial lawn and part law.
Additional benefits include air source heat pump and solar panels. With no upward chain to worry about viewings are available now - by appointment only.
Entrance Hall: Having entrance door, ceiling light point, smoke alarm and stairs to first floor landing. Lounge/Diner: 3.30m x 5.23m (10'10" x 17'2") , Having radiator and ceiling light point.
Kitchen: 2.82m x 2.49m (9'3" x 8'2") , Having 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, integrated electric hob with integrated oven below, space and plumbing for washing machine, built in under stair cupboard, radiator and ceiling light point.
Utility: 3.28m x 1.32m (10'9" x 4'4") , Having built in storage cupboards, space for fridge/freezer, radiator and ceiling light point.
Side Entrance Hallway: Having uPVC double glazed entrance door, built in storage cupboard and ceiling light point. WC: Having close coupled wc, radiator and ceiling light point.
Bedroom Three (downstairs): 3.28m x 3.12m (10'9" x 10'3") , Having radiator and ceiling light point. Landing: Having access to roof space, radiator and ceiling light point.
Bedroom One: 4.78m x 2.84m (15'8" x 9'4") , Having radiator, ceiling light point and built in storage cupboard. Bedroom Two: 3.30m x 3.53m (10'10" x 11'7") , Having radiator and ceiling light point.
Bedroom Four: 2.82m x 2.26m (9'3" x 7'5") , Having built in storage cupboard, radiator and ceiling light point.
Bathroom: 2.31m x 1.45m (7'7" x 4'9") , Having panelled bath set in tile surround with electric shower over and shower screen, close coupled wc, hand wash basin set in toiletry cupboard, radiator and ceiling light point.
Outside: Front: The property is approached by a low level fence with low level gate with garden path leading to the front door. The front garden is laid to artificial grass.
Side & Rear: The side of the property offers gravelled and concrete driveway offering ample off road parking for several vehicles with lawned area to the side this leads round to the rear garden is mainly laid to lawn with part of the lawn being artificial.
Auctioneers Additional Comments: Auctioneers Additional Comments Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that aml procedure are carried out in accordance with the law.
The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’.
The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’. These prices are subject to change.
An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers’ obligations and sellers’ commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property.
The deposit will be a contribution to the purchase price.
A non-refundable reservation fee up to 6% inc VAT (subject to a minimum which could be up to £7,200 inc VAT) is also required to be paid upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained.
There is no requirement or indeed obligation to use these recommended suppliers or services.
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 advisers 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
.png)
FAQ
About 2, Patten Avenue, Skegness
Explore nearby