5-bedroom house · PE24 4AR
For saleListed 23 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No Onward Chain! Croft House is a spacious family home, reaching beyond 3500 sq ft, standing in grounds of over an acre and alongside generous outbuildings.
Requiring a scheme of updating, the property enjoys an excellent rural position, and provides the opportunity for potential purchasers to modernise and enhance to suit their requirements.
Accommodation currently comprises: two (front) reception rooms, dining room, breakfast kitchen; versatile snug/study, utility, cloakroom and large snooker room/office to the ground floor - with four bedrooms above including one with en suite and another a dressing room; and two further bathrooms.
The property continues with an Summerhouse, with kitchenette and w/c, and a large outbuilding offering four large workshop/store spaces.
The garden is lawned with a wealth of mature trees and beds, and patio seating areas, and looks out across neighbouring farmland to the North and East.
Croft is a small village, conveniently located for access to the well-serviced coastal resort of Skegness (four miles away); with the larger village of Wainfleet being just two miles away and offering further amenities.
Listed in the Domesday Book, the village is home to an All Saints parish church. Entrance Hallway - 6'10" x 6'11" - Having arched door to front, lights to ceiling.
Carpet, radiator, carpeted stairs with spindle and balustrade. Doors to lounge, sitting room, kitchen and side porch. Lounge - 16'11" x 11'10" - Having wood bay window to front, sash window to side.
Light to ceiling, carpet, radiator, multiple power points. Sitting Room - 14'10" x 18'3" - With wood bay window to front, lights to walls.
Log burning stone on tiled stand, radiators, carpet, multiple power points. Dining Room - 16'0" x 17'9" - Having wood double glazed French doors flanked by matching windows to side, lights to walls.
Carpet, radiators, multiple power points. Breakfast Kitchen - 17'7" x 18'8" - With wood double glazed window to side, lights to ceiling.
Sink and double drainer to roll edge worktop, good range of storage units to base and wall levels. Oven, induction hob, space and connections for appliances. Tile effect flooring to kitchen area.
Radiator, multiple power points. Utility - 14'0" x 9'8" - With wood bow window to side, lights to ceiling. Butlers sink above storage unit, further storage with built in cupboards.
Tiled flooring, radiator, multiple power points. Study / Snug - 14'0" x 13'9" - Having wood windows to front and side, lights to ceiling. Radiator, multiple power points.
Snooker Room / Office - 22'1" x 20'6" - Having wood double glazed French doors to front and window to side, lights to ceiling and wall. Carpet, radiators, multiple power points.
Bedroom - 13'1" x 14'10" - With wood sash windows to front and rear, light to ceiling. Carpet, radiator, multiple power points.
Bedroom - 14'10" x 14'10" - Having wood double glazed window to side, light to ceiling. Carpet, radiator, multiple power points. Wood door to en suite.
En Suite - 13'10" x 10'6" m - With wood sash window to side, light to ceiling. Low level wc, hand wash basin to storage unit, shower cubicle with board surround.
Tiled flooring, wood doors to storage spaces, radiator, power points. Dressing Room - 16' x 9'10" m - With wood sash window to side, light to ceiling, radiator, built in storage space.
Stepping down to Bedroom - 14'0" x 13'6" - Having wood windows to side and rear, lights to ceiling and walls. Built in bedroom furniture, radiator, multiple power points.
Bathroom - 9'6" x 8'0" - With wood obscured sash and further window to side, light to ceiling. Low level wc, bidet, pedestal sink and bath. Carpet, radiator.
Bedroom - 13'9" x 14'9" - With wood sash window to front, lights to ceiling and wall. Built in bedroom furniture, carpet, radiator.
Bathroom - 10'5" x 8'5" - Having wood obscured sash window to front, lights to ceiling. Low level wc, hand wash basin to storage unit. Walk in shower confirm with tiled surround.
Outside - The property is approached from the rear, to an through vehicle gates from the initially shared access and up a gravelled driveway leading past the outbuildings and to a side parking space.
The lawned garden wraps around the front and side of the property, with a wealth of mature flower beds and trees; looking out to the North and East over the neighbouring arable farmland.
Paved patio seating spaces lead off the property, while in the South-East corner of the garden stands a Summerhouse and a walled vegetable patch.
Summerhouse & Kitchenette - 20'6" x 24'4" m - Summerhouse: Having arched window to front and sides, doors to front and side. Lights to walls. Brick and tile fireplace.
Multiple power points, tiled flooring. Kitchenette: With wood window to side; lights to ceiling. Sink and drainer to roll edge worktop, storage units to base level.
Multiple power points, tiled flooring. W/C: Having wood window to side, light to ceiling. Low level wc, hand wash basin, storage space, tiled flooring.
Outbuildings - See Floorplan - Leading off the driveway entrance is a large brick and tile outbuilding block, providing workshop, garage and store spaces with doors onto the drive.
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
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FAQ
About Croft House, Croft Marsh Lane, Croft, Skegness
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