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See how verdicts workHouse · LN12 1HH
Listing removedListed 114 daysAuction 29 Jul · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price = £100,000+ **For Sale By Public Auction 29th July 2026 09:30 am.
To inspect the legal documents for this property go to our website to download the legal pack** A Vacant Single Storey Detached Building.
Potential for Development (Subject to Obtaining all Relevant Consents) Tenure Freehold Location The property is situated on a mixed use road close to local shops and amenities.
The open spaces of Mablethorpe Beach are within easy reach. Transport links are provided by the A16 to the west. Description The property comprises a single storey detached building.
The vendor has had a positive pre-app for residential conversion. No planning application has been submitted for this scheme. Drawings of the proposed plans are available for inspection upon request.
Auction House London make no representations or warranties with regard to this scheme and/or the validity of the aforementioned plans.
Buyers must rely on their own enquiries with regard to any development potential, permissions required and any previous planning history in respect of this site.
Accommodation Ground Floor Room Kitchen WCs Storage Area G.I.A. Approximately 197 sq m Note The property has not been inspected by Auction House London.
All information has been supplied by the vendor. EPC Rating C Viewing Appointments to be Confirmed
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
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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
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FAQ
About Former Salvation Army, Somersby Avenue, Mablethorpe
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