We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom house · PE25 3SF
For saleListed 26 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
96 Richmond Drive is a 3/4 bedroom family home; set back from the road and providing modern accommodation with dual-aspect lounge and kitchen areas - to a generous plot with driveway parking and gardens to both the front and side.
Further ground floor accommodation comprises: entrance hallway, utility, cloakroom, conservatory and versatile bedroom four / snug; with three bedrooms and family bathroom to the first floor.
The property benefits from South-facing, photovoltaic (solar) panels with battery storage, and is well-located for access to the full range of services, amenities and schooling in the coastal town of Skegness.
Lounge - 9'10" x 18'2" - Having uPVC double glazed window to front, French doors to rear. Light to ceiling, radiator, multiple power points, tv point. Wood effect flooring.
Dining Kitchen - 11'8" x 18'2" - With uPVC double glazed windows to front and rear, lights to ceiling. Good range of modern storage units to base and walls, Zanussi oven and grill.
Sink and drainer to square edge worktop, space and connections for under counter dishwasher and wine cooler.
Island with further, varied, storage alongside breakfast bar spaces and electric hob with integrated extractor fan. Tiled flooring, wood door to utility.
Utility - 9'2" x 5'9" - Having uPVC double glazed door to window to side, light to ceiling. Space and connections for under counter washing machine, dryer; upright fridge-freezer.
Wood flooring, doors to cloakroom and bedroom 4 / snug. Cloakroom - 2'8" x 5'9" - With uPVC double glazed obscured window to side, light to ceiling.
Low level wc, hand wash basin, wood effect flooring. Bedroom 4 / Snug - 8'6" x 15'8" - Having sliding double glazed doors to conservatory, light to ceiling, loft access hatch.
Wood effect flooring, radiator, multiple power points. Conservatory - 4'8" x 15'0" - With uPVC double glazed windows to side and rear, patio door to side. Tile effect flooring, multiple power points.
Bedroom 1 - 10'1" x 9'10" - Having uPVC double glazed windows to front, light to ceiling, radiator, carpet, multiple power points.
Bedroom 2 - 8'6" x 11'9" - Having uPVC double glazed window to front, light to ceiling, carpet, multiple power points, radiator. Built in storage space.
Bedroom 3 - 7'3" x 8'1" - With uPVC double glazed windows to rear, light to ceiling. Carpet, radiator, multiple power points.
Bathroom - 5'6" x 5'11" - With uPVC double glazed obscure window to rear, light to ceiling. Pedestal sink, bath with shower cubicle, tiled surround. Tile effect flooring.
Cloakroom - 5'7" x 2'11" - Having uPVC double glazed obscured window to side, light to ceiling, radiator, tile effect flooring.
Outside - The property is approached up an, initially shared, driveway; leading to dedicated off road parking space and covered car port / store.
To the side is a child and pet friendly, securely fenced, garden; with timber shed, patio and lawned areas while to the rear is a further garden (South-facing) with a generous lawn, Summerhouse, decking area and mature trees.
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
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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
Agent & docs
FAQ
About 96 Richmond Drive, Skegness
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