Modern Method of Auction
Auction date not yet published
3-bedroom bungalow · DN36 5QH
For saleReduced £60k (−24%) on 23 MayListed 284 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Auctioneer CommentsThis property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties' personal data will be shared with the Auctioneer (iamsold Ltd).If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc.
VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price.
The Fee is considered within calculations for stamp duty.Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken.
Payment varies but will be no more than £960 inc. VAT.
These services are optional Located on the popular Plumtree Lane in North Thoresby, this detached home is offered for sale with no forward chain and represents an excellent opportunity for buyers seeking a property with scope to modernise and enhance.The accommodation is arranged over two floors and offers versatile living space.
The ground floor comprises a lounge, separate dining room, and kitchen, along with two bedrooms, a bathroom, and a separate WC, making the layout particularly appealing for those requiring ground-floor bedroom facilities.
To the first floor is a further bedroom, suitable for use as a principal bedroom, guest room, or home office.Of particular note is the large loft space, which offers clear potential to be converted into an additional bedroom or living space, subject to the necessary planning permissions and building regulations, providing further opportunity to extend the accommodation if required.Externally, the property benefits from gardens to the front, side and rear, offering ample outdoor space, while a driveway provides off-road parking.The home is in need of a scheme of modernisation, allowing purchasers to personalise the property to their own tastes and add value.
Positioned within a well-regarded village with local amenities and access to nearby towns, this property offers a fantastic renovation project with significant potential.
Early viewing is highly recommended. Entrance Hall Entering through the entrance porch reveals the entrance hall with a radiator and a carpeted floor.
Lounge 16' 11'' x 11' 11'' (5.15m x 3.63m) The lounge has a dual aspect windows to the front and side elevation, a radiator and a carpeted floor. There is also a cosy multi fuel burner.
Dining Room 10' 10'' x 10' 11'' (3.31m x 3.33m) The dining room has a window to the rear elevation, a radiator and a carpeted floor.
Kitchen 11' 1'' x 12' 0'' (3.38m x 3.65m) The kitchen has dual aspect windows to the side and rear elevation, a door to the rear and a range of fitted units with a sink and drainer and plumbing for a washing machine.
Bedroom One 11' 11'' x 11' 0'' (3.64m x 3.35m) Bedroom one has a window to the front elevation, a radiator and a carpeted floor.
Bedroom Two 10' 0'' x 11' 0'' (3.04m x 3.35m) Bedroom two has a window to the side elevation, a radiator and a carpeted floor.
Bathroom 7' 9'' x 5' 10'' (2.37m x 1.79m) The bathroom has an opaque window to the rear elevation, a radiator, bath and basin.
WC 6' 4'' x 2' 8'' (1.94m x 0.81m) The WC has an opaque window to the rear elevation and a WC. Stairs Stairs lead to the first floor.
Bedroom Three 9' 9'' x 14' 1'' (2.97m x 4.28m) Bedroom three has a window to the side elevation, a radiator and a carpeted floor.
Loft Space A large space off the stairs which could be used in many ways. Outside With a driveway providing off road parking there are also gardens to the front, side and rear.
The rear being low maintenance and the front having a lawn which sweeps to the side with established shrubs.
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
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FAQ
About Plumtree Lane, North Thoresby
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