4-bedroom bungalow · PE23 5LY
Sold STCListed 103 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
4 Park Avenue is a well-presented, detached, bungalow providing four ground floor bedrooms and extensive loft room spaces; in all totalling over 1700 sq ft (sts).
Located to a no-through road in the popular village of Hundleby, the property suits a range of potential purchasers with adequate family accommodation laid out on the single level.
A large L-shaped living room is complemented by a flowing kitchen through to snug area and dining room; with four double bedrooms (master with en suite) and family shower room completing the ground floor space.
The property benefits from an insulated, recently replaced flat roof to the rear; while the loft has been converted to provide three rooms plus a useful W/C.
Externally, there is an attractive, private rear garden, and driveway parking for three vehicles.
Hundleby is an attractive village located closely alongside the well serviced market town of Spilsby, which provides amenities including supermarkets, doctors’ surgery and a range of local shops and cafes.
The town is home to primary and secondary schools, with public transport linking to the East Coast, the city of Lincoln and larger town of Boston - amongst others.
Hall - A large space on entrance, laid with wood effect flooring. Living Room - 23' x 18' - With windows to front and rear aspect plus radial windows to side.
Gazco gas fire to tiled stand with brick and oak surround; wood effect flooring. Carpeted stairs behind glazed door to loft rooms.
Kitchen - 11'7 x 8'9 - With window to rear aspect, spot lights to ceiling. Modern units to base and wall levels, 1 1/2 sink and drainer to roll edge worktop.
Oven and hob beneath extractor canopy, tiled flooring, space and connections for upright fridge-freezer. Open to Snug, which in turn steps through to dining room.
Dual zone electric underfloor heating between kitchen/snug and dining room. Dining Room - 16'2 x 7' - With windows to rear, patio door to side.
Laid with tiled flooring, consistent with kitchen and snug. Bedroom 1 - 11'11 x 10'7 - With window to side, built in twin storage spaces, wood effect flooring. Wood door to en suite.
En-Suite - With low level W/C to tiled unit, storage above. Shower cubicle with tiled surround.
Shower Room - With spot lights to ceiling, low level W/C, hand wash basin to storage unit; shower cubicle. Tiled to walls and floor.
Bedroom 2 - 13'2 x 11'7 - With windows to front and side, built in twin storage spaces, wood effect flooring. Bedroom 3 - 10'8 x 9'7 - With window to side, wood effect flooring.
Bedroom 4 - 10'10 x 9'3 - With window to front, wood effect flooring. Currently used as office space. Loft Room 2 - With skylight to sloped ceiling, carpeted. Wood door to loft room 1.
Rointe electric heating. Loft Room 1 - 12'8 x 10'5 - With skylight to sloped ceiling, carpeted. Roof beams interrupt carpeted flooring. Gallery to staircase. Rointe electric heating.
Loft Room 3 - With skylight to sloped ceiling, carpeted. Accessed between roof beams. Rointe electric heating. W.C.
- With W/C, pedestal sink Outside - The property is laid out with a hard standing driveway, suitable for multiple vehicles, to the front - alongside a lawned garden with open boundary to the path.
The rear garden, contained by gates to ensure a child and pet friendly space, is lawned with gravelled and flower beds alongside paved patio seating spaces and side path / storage space.
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.
Area
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FAQ
About 4 Park Avenue, Hundleby, Spilsby
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