2-bedroom bungalow · PE24 5US
For saleListed 183 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO CHAIN - Oxford Family estates are pleased to be bringing onto the market this 2 Bedroom leasehold Bungalow on the popular site of Eastfields Park very close to the beach.
Beautifully finished, fully furnished and ready to move in, this property is ideal for those looking to downsize and enjoy life by the sea.
Set in the popular Chapel Point, it is close to the popular attraction of the North Sea Observatory and the beach, but still within walking distance to shops, pubs and the main village.
Leasehold The lease is 99 years from April 1988. 11 month occupancy.
The service charge is £2601.39 inclusive of VAT per annum, (includes ground rent, maintenance & Insurance) The seller pays 3% plus VAT of sale price to the site and pay sites' legal fees.
Lounge With wall mounted TV in full width display shelving and electric fireplace fitted below. Upvc double glazed sliding door to the front, with opening through tot he kitchen .
Kitchen Modern kitchen fitted with a range of wall and base units in a gloss cream with dark wood effect worktops and matching splash backs.
Fully equipped with integrated electric oven, ceramic hob, extractor hood, integrated lamona dishwasher, beko washing machine and tumble dryer and Hotpoint tower fridge-freezer.
Bedroom 1 Double bedroom with fitted suite of wardrobes drawers and up and over cupboards over the bed. Upvc double glazed window to the rear.
Bedroom 2 Ample single bedroom with Upvc double glazed window to the front. Bathroom Fitted with walk in shower enclosure with thermostatic mixer shower.
Vanity unit sink and toilet, with obscure Upvc double glazed window to the rear. Outside There is a covered veranda the full width of the bungalow to the front with external power.
There is a path of slabs around the sides and rear with a lean to shed for additional storage. There is communal parking nearby.
Chapel St Leonards Chapel St Leonards is a lovely sea-side village on the east coast nestled between the major resorts of Skegness and Mablethorpe.
It has a population of around 3,000 and is well known for its beautiful sandy beaches and long promenades.
During the summer months it benefits greatly from tourists creating a lovely vibrant atmosphere.
The village has a lot to offer with a wide range of shops including butchers, chemist, estate agents, co-op, spar, cafes, restaurants and pubs.
There is a village hall with a full programme of regular activities, doctors surgery, two churches and a primary school.
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 advisors 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
Agent & docs
FAQ
About Eastfields Park, Chapel St. Leonards, Skegness, PE24 5US
Explore nearby
