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 work2-bedroom bungalow · PE24 5RR
Sold STCListed 54 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
* NO ONWARD CHAIN * Oxford Family Estates are pleased to present this this two double bedroom detached bungalow on the quiet cul-de-sac of Prince Avenue.
A short walk to the village centre, shops and the beach this property is ideally located for a nice tranquil retreat.
Sold with no onward chain, this property is ideal to move straight into and put your own stamp on.
With its large lounge, conservatory, Garage with internal access essential and large driveway, it's a MUST SEE on anyone's shortlist thinking of moving to the area. Note : Awaiting EPC.
All room measurements are available in the floorplan in the gallery. We do not use any wide-angle lens photos, so rooms should feel as big or bigger than pictured.
Kitchen and Dining areas With a range of wall, tower and base units in white there is a stainless steel 1&1/2 bowl sink under Upvc windows to conservatory and rear garden.
Integrated Beko oven and hob with extractor hood fitted above. Under counter fridge, Hotpoint dishwasher and Bosch washing machine.
The bright dual aspect lounge is centred around electric fireplace with sliding doors out to the conservatory. Ample space to have as a lounge with a dining area.
The hallway connects to both the lounge and kitchen and also has ample storage with a large airing cupboard and access to the loft space.
Bedrooms and shower room There are two ample double bedrooms each with built in wardrobe spaces.
The property has a shower room with a wide shower cubicle with thermostatic mixer shower off the hot water tank, and pedestal sink.
There is then a separate WC, convenient for those with a partner who likes to hog the bathroom! Conservatory, Garage & Gardens.
The Upvc double glazed conservatory is on a short brick wall with two single doors either side and a doorway into the garage.
The garage has an electric remote operated roller door and housed the Worcester oil boiler as well as freezer.
The rear garden is largely slabbed and laid with stone for low maintenance and creates several seating areas so suit and enjoy the wildlife of the neighbouring watercourse.
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
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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 Prince Avenue, Chapel St. Leonards, Skegness, PE24 5RR
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