3-bedroom bungalow · LN7 6NH
Sold STCListed 90 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered with no onward chain and for sale via the Modern Method of Auction, this spacious three-bedroom detached bungalow occupies a generous plot in a sought-after area of Caistor, offering over 1,200 sq.ft.
of accommodation and excellent potential to modernise. Step Inside;- Offering over 1,200 sq.ft.
of versatile accommodation, Pennyhill presents a fantastic opportunity for buyers looking to modernise and create a home tailored to their own tastes.
Situated in a well-established residential area of the sought-after market town of Caistor, this detached bungalow combines generous room sizes with excellent potential.
The welcoming entrance hall provides access to all principal rooms.
Positioned at the front of the property, the bright and spacious dining room enjoys plenty of natural light and offers an ideal space for entertaining or family meals.
The generous lounge is well-proportioned and provides a comfortable living space, whilst the fitted kitchen features a gas hob, ample storage and workspace, along with access to the adjoining pantry for additional practicality.
There are three bedrooms, offering flexibility for family living, guests or those working from home. Bedroom Three also houses the gas-fired boiler.
The accommodation is served by a shower room fitted with a three-piece suite.
To the rear, the conservatory provides a pleasant additional reception space overlooking the garden, creating the perfect spot to relax and enjoy the outdoors throughout the seasons.
Adding further appeal, the property benefits from solar panels, which are currently on a feed-in tariff, offering an additional financial incentive for the new owner.
Step Outside;- Set within a generous plot, Pennyhill enjoys well-established gardens that provide excellent outdoor space with plenty of scope for landscaping or further enhancement.
A driveway provides ample off-road parking and leads to the detached garage, offering useful storage or workshop space. Please note: The detached garage has experienced historical structural movement.
Prospective purchasers are advised that a survey should be undertaken to establish the extent of the movement and any remedial works that may be required.
Location;- Caistor is a highly regarded Lincolnshire market town, renowned for its excellent range of everyday amenities including independent shops, supermarkets, cafés, pubs, doctors' surgery and highly regarded schools, including the well-respected Caistor Grammar School.
The town also offers a variety of leisure facilities, scenic walks across the Lincolnshire Wolds and excellent road connections to Market Rasen, Grimsby, Lincoln and the A46, making it an ideal location for both families and commuters alike.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to complete within 56 days (the “Reservation Period”).
Interested parties’ personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £349 (including VAT) for this pack, which must be viewed before bidding.
The buyer is required to sign a Reservation Agreement and make payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This fee is paid in addition to the purchase price and is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer, for which they may receive payment from the service provider if taken. Payment varies but will be no more than £450.00.
These services are optional.
TO VIEW OR MAKE A BID Contact DDM Residential ENTRANCE HALL LOUNGE 12' 4" x 11' 11" (3.76m x 3.63m) DINING ROOM 11' 11" x 10' 4" (3.63m x 3.15m) KITCHEN 11' 11" x 5' 10" (3.63m x 1.78m) CONSERVATORY 15' 10" x 7' 8" (4.83m x 2.34m) BEDROOM 1 13' 9" x 9' 5" (4.2m x 2.87m) BEDROOM 2 11' 11" x 9' 4" (3.63m x 2.84m) SHOWER ROOM 7' 6" x 6' 1" (2.29m x 1.85m) BEDROOM 3 12' 6" x 7' 6" (3.8m x 2.29m) GARAGE 16' 1" x 8' 9" (4.9m x 2.67m) STORE 15' 11" x 5' 5" (4.85m x 1.65m) AGENTS NOTES TO BUYERS Prospective purchasers are advised that, in addition to the purchase price, further costs may be incurred when buying a property.
These can include, but are not limited to, Stamp Duty Land Tax (SDLT), legal and conveyancing fees, survey costs, and mortgage arrangement fees.
Buyers should ensure they seek appropriate financial advice and budget accordingly.
Value & comps
No previous sales on record.
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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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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 advisors before making any investment decisions.
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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 Navigation Lane, Caistor, North Lincolnshire, LN7
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