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See how verdicts work2-bedroom property · LN1 2EZ
For saleListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
DESCRIPTION Two Bedroom Residential Park Home offered for sale with no onward chain and offering excellent potential for improvement.
While some updating is required, the property offers spacious accommodation throughout and would allow a purchaser to modernise and personalise to their own tastes.
The accommodation comprises of an Entrance Hall, Lounge, Kitchen/Diner, Two Double Bedrooms and a Shower Room.
LOCATION The Elms Retirement Development is situated just on the outskirts of the small village of Torksey.
The village itself offers a local Golf Club, many countryside walks and a wealth of historical heritage to explore and the nearby villages of Laughterton and Saxilby offer village shops and amenities.
Road and rail links are excellent, with the A1 approximately 15 minutes away and a rail link to London is also available at Newark.
The beautiful City of Lincoln, with its shopping and historical attractions, is approximately 12 miles away.
The Elms is an award winning fully residential luxury retirement park home site, licensed all year round for 339 homes, situated in Torksey in the heart of rural Lincolnshire.
Residents at The Elms enjoy peace and tranquillity, beauty and comfort, economy and security all on a private estate which includes 10 acres of protected park land, 3 lakes, natural wildlife and beautiful landscaping.
The adjoining canal offers peaceful walks together with private fishing.
The residents benefit from bus services to Lincoln and Gainsborough (There is a Tesco's free bus and The Elms mini bus, which is run by the residents).
On resale purchasers must be aware that 10% commission will apply under the terms of the Mobile Homes Act, payable to the Site Owner by the buyer.
The buyers must retain 10% of the purchase price to pay to the site owner although this does not become payable until the site owner has provided his bank details following the service on him of the Notice of Assignment by the buyer.
Park Rules and Regulations are available upon request. Please note that there are no pets allowed and there is an age restriction of 50 and over.
Annual Ground Rent/Pitch Fee - £1831.73 All figures should be checked with the Vendor/Solicitor prior to Exchange of Contracts and completion of the sale.
ENTRANCE HALL With a frosted entrance door and side window, radiator, lino flooring, built-in storage cupboards and utility/storage cupboard housing the wall-mounted gas boiler.
LOUNGE 12' 2" x 11' 8" (3.71m x 3.56m) With windows to both the front and side aspects, radiator, door providing access outside and a door leading to the kitchen/diner.
KITCHEN/DINER 11' 8" x 8' 7" (3.56m x 2.62m) A fitted kitchen offering a range of wall and base units, work surfaces, tiled splashbacks, stainless steel sink with mixer tap, gas hob, electric oven, space for a fridge/freezer, radiator, windows to the side aspect and ample room for a dining table.
BEDROOM 1 11' 8" x 10' 3 max" (3.56m x 3.12m) A double bedroom with window to the side aspect, radiator, fitted cupboard storage and mirrored sliding door wardrobes.
BEDROOM 2 9' 1 max" x 7' 4" (2.77m x 2.24m) A further double bedroom with side facing window, radiator and built-in wardrobe storage.
SHOWER ROOM Fitted with a shower cubicle with Mermaid-style wall boarding, WC and wash hand basin with vanity storage, vinyl flooring, radiator, extractor, spotlights and a frosted window.
OUTSIDE The property occupies a pleasant position within the development and benefits from surrounding garden areas designed for ease of maintenance, outside store providing additional storage, separate utility room with plumbing and further storage space.
Residents of The Elms also enjoy access to the wider landscaped grounds and communal areas throughout the development.
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.
Area
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FAQ
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