3-bedroom bungalow · LN8 5PF
For saleListed 502 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
3 bed detached New Build Bungalow - House type Birch - 953 sq ft - Single garage - Early reservations invited Detailed Description Victoria Gardens is in the early stages of construction and will comprise 70 properties with a selection of 1, 2,3 & 4 bedroom properties built to a very high standard.
The site is located on Victoria Street which is within walking distance of the centre of Wragby.
The Developer Somersby Homes have been building family homes for the past four decades, originally known as Hugh Bourn Homes, they have designed and built houses across the length and breadth of Lincolnshire, helping families and first time home owners buy their first property.
With decades of experience supporting and working with local people, Somersby Homes understand that when you're searching for a new home, you also want the perfect location.
A place where people will make friends, enjoy family life and take pride in their neighbourhoods and surroundings whether that's a home in the quiet countryside or close to the bustling city centre.
They are here to offer help and support from the very beginning of your property search until long after you've moved in.
So whether you're looking for your first home or to move up the property ladder, take a look at our wide range of new properties for sale and get in touch today to find out just how easy it is to find your perfect home with Somersby.
Somersby Homes office Location Wragby is a pleasant Lincolnshire market town close to the Lincolnshire Wolds which is an area of Outstanding Natural Beauty (AONB).
The town is also well positioned for commuters to the historic city of Lincoln just 10 miles away with a fast commuter train to London in just 2 hours and the east coast is around 30 miles away with the well known seaside resorts of Skegness, Mablethorpe and Ingoldmells.
Wragby is the perfect place for new families with schooling, shops, leisure facilties including tennis courts and an indoor swimming pool, Churches, public houses, Co-op and a thriving community which organises some fantastic events such as food festivals, baking competitions, Wragby Show & Country Fayre , Young Famers club and the Scouts so you can really get into the local spirit.
A little further afield lie a collection of beautiful nature reserves, woodland walks and country parks which offer great walking and cycling opportunities.
Nearby towns of Horncastle & Market Rasen offers further schooling and amenities.
The postcode for the the site is LN8 5PF, but for the exact location please use the following: Accommodation > Under floor heating > Air Source heat pump > Full Fibre broadband > Bosch Oven > Bosch Hob > Bosch Dishwasher > 60/40 split fridge freezer > Wren Kitchen with choice of worktops, colour and style of units and handles > LVT Amtico flooring in Kitchen, Entrance Hall & WC > Choice of carpet elsewhere > Loft ladder > USB sockets > Bathroom wall half tiled with ceramic floor and wall > Electric demister bathroom mirror > Downlights in Kitchen & Bathroom > Up & Down Lighters front and back > PIR garage light > Electric Roller shutter doors with sensor > Outside tap to rear * Various upgrades are available on each house type so please contact the selling agent to discuss this in more detail.
We shall also recieve further information and imagery as the site progresses so this brochure will be updated.
Viewing Viewing Viewings are strictly by appointment with the selling agent on or via Somersby Homes on .
Agent Brown & Co 5 Oakwood Road Lincoln, LN6 3LH Other BUYER IDENTITY CHECK Please note that prior to acceptance of any offer, Brown&Co are required to verify the identity of the buyer to comply with the requirements of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
Further, when a property is for sale by tender, an ID check must be carried out before a tender can be submitted. We are most grateful for your assistance with this.
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 Plot 12 Victoria Gardens, Victoria Street, Wragby, Market Rasen, Lincolnshire, LN8 5PF
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