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See how verdicts work3-bedroom bungalow · LN11 7PZ
Listing removedListed 558 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are pleased to present to the market a unique opportunity to acquire a detached bungalow, nestled in the quiet and highly sought-after coastal village of North Somercotes.
This property is in need of renovation throughout but offers huge potential for those wishing to craft a home to their own taste and specifications.
The property is arranged over one floor, with a sensible and spacious layout. It hosts a total of three bedrooms, all of which boast built-in wardrobes, providing ample storage space.
Two of these are generous double bedrooms, affording the occupants comfortable living space. The dwelling also offers a four-piece bathroom suite with a corner bath.
The bathroom, like the rest of the property, is ready to be transformed into a modern and luxurious space by a savvy buyer.
At the heart of the house is a well-proportioned kitchen, which looks out onto the garden.
This offers the opportunity to create a bright and airy space where one could enjoy a cup of coffee whilst admiring the greenery outside.
The property features two reception rooms, each with large windows that bathe the rooms in natural light.
The first reception room, a lounge, is complemented by a multi-fuel burner, making it the perfect place to cosy up during the colder months.
The second reception room serves as a dining room, providing an excellent space for entertaining guests or enjoying family meals.
Additional features of this bungalow include a utility area and a porch, all of which add to the property's potential.
The property sits on approximately 0.85 acres, offering an extensive outdoor space for the new owners to get creative with.
As well as benefitting from several outbuildings, in the form of a double garage, a additional single garage and numerous workshops and stores.
The location of this property is a considerable part of its charm. Being situated on the outskirts of the popular village, offering tranquillity without sacrificing access to local amenities.
Additionally, walking routes are within easy reach, making it ideal for those who enjoy the great outdoors. The property falls under Council Tax Band C.
This unmodernised property offers the perfect canvas for those with a flair for design and the vision to unlock its undeniable potential.
Don't miss out on the opportunity to transform this diamond in the rough into your dream home. EPC rating: F.
Tenure: Freehold, Room Measurements Lounge: 14'03" x 14'08" Dining Room: 13'08" x 14'03" Reception Room: 7'08" x 10'08" Kitchen: 10'11" x 14'00" Bedroom One: 12'02" x 14'02" Bedroom Two: 14'01" x 10'11 Bedroom Three: 7'10" x 10'08" Bathroom: 7'04" x 10'07" Rear Entrance / Utility Area: 5'09" x 14'11" EPC Rating: F
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
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.
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About Catheric Church End, Louth
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