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See how verdicts work2-bedroom house · LN11 7PE
For saleListed 159 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Currently used as a two bedroom semi detached home this property could easily be converted back into a three bedroom with the erection of a stud wall been the only thing required.
The property sits at the bottom of a cul-de-sac and sides onto an open field.
The internal accommodation briefly comprises of entrance hall, lounge, kitchen diner, landing, two bedrooms and a bathroom. No Onward Chain. EPC rating: D.
Tenure: Freehold, Entrance Hall Part glazed uPVC entrance door to the side elevation. Staircase rising to the first floor accommodation. Doors leading to the lounge and kitchen diner.
Lounge 10'1" x 15'1" (3.07m x 4.6m) Sliding patio doors leading through to the conservatory. Coving to the ceiling. TV aerial point.
The focal point of the lounge is the inglenook fireplace incorporating a cast iron multi fuel burner sat on a paved hearth.
Kitchen Diner 9'1" x 15'1" (2.77m x 4.6m) UPVC double glazed windows to the front and side elevations.
Recently fitted with a range of white wall and base units with complementary work surfaces over incorporating 1 1⁄2 bowl sink unit with mixer tap. Tiling to the splash areas.
Plumbing for a washing machine and dishwasher. Electric cooker point. Wall mounted electric consumer unit. Useful under stairs storage cupboard and radiator.
Conservatory 7'1" x 11'1" (2.16m x 3.38m) UPVC construction with sliding patio door leading to the rear garden. Electric wall heater and wall light points.
Landing Access to the loft space via the loft hatch and radiator. Doors leading to bedrooms and bathroom. Bedroom One 10'0" x 15'1" (3.05m x 4.6m) UPVC double glazed window to the front elevation.
Bedroom Two 7'1" x 15'1" (2.16m x 4.6m) This bedroom has had a stud wall removed to open it through to what was the third bedroom.
This could easily be re-erected to turn the property back into a three bedroom property. The current bedroom has two uPVC double glazed window to the rear elevation.
Airing cupboard housing the gas fired central heating boiler. Two radiators. Bathroom UPVC double glazed window to the side elevation.
Fitted with a modern three piece suite comprising of panelled bath with mains rainfall effect shower and hand held attachment, close coupled dual flush WC and corner wash hand basin with storage below.
Chrome heated towel rail. Outside The walled front garden is accessed via double wrought iron gates onto the driveway and continues to a useful carport and gated access to the rear garden.
The front garden is low maintenance being laid to gravel. The rear garden is enclosed by fencing to the perimeters and is laid to lawn with mature shrub borders.
Paved patio and pathways and timber garden shed. Lpg storage tank for the central heating system. Outside power point. EPC Rating: D
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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.
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FAQ
About 38 Evison Way, Louth
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