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 house · DN35 8JD
Sold STCListed 228 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to offer a unique opportunity to purchase this TWO BEDROOM MEWS PROPERTY situated within the highly regarded Croft Mews which makes up the third block between a pair of buildings that have also both been converted to apartments called The Mount and The Rookery just off Mill Road with a short walk to the high street and within close proximity to the seafront and its abundance of restaurants, bars and shops.
The property benefits from uPVC double glazing and has over the past two years been fully refurbished by the current vendor.
The accommodation comprises of; Entrance hall, lounge, modern kitchen diner, two bedrooms, master with en suite shower room and bathroom. Large loft space access via a pull down ladder.
Having the use of well maintained communal gardens, with a paved patio area, electric car charging point, one allocate parking space and further visitors space, handy bin store with storage cupboard.
The property is Leasehold with 114 years remaining. Viewing is essential to appreciate this unique home. NO FORWARD CHAIN. Measurements - All measurements are approximate. Accommodation - .
Entrance - Accessed via a glazed uPVC door to the side aspect leading into the hallway. Hallway - Having carpeted flooring with carpeted stairs leading to the first floor, hand rail and dado rail.
Lounge - 4.07 x 3.43 (13'4" x 11'3") - The lounge has a uPVC bow window to the front aspect, coving to the ceiling, carpeted flooring, electric wall heater, feature oak beam and slate hearth and large walk in storage cupboard.
Lounge - Lounge - Kitchen Diner - 4.46 x 2.91 (14'7" x 9'6") - The modern kitchen benefits from a large range of shaker style wall and base units in cream and reed green colours with wood effect work surfaces and modern tiled splashbacks and incorporates a ceramic sink and drainer, electric hob and electric fan assisted oven beneath with extractor hood.
Ample under counter space for an automatic washing machine and free standing fridge freezer.
Finished with coved ceiling, wood effect laminate flooring, uPVC double glazed French doors with privacy film and a uPVC double glazed window again with privacy film over looking the patio area.
Ample space for a dining table. Kitchen Diner - Kitchen Diner - First Floor - .
First Floor Landing - Having continued carpeted flooring with dado rail, a large airing cupboard, with an Economy 7 immersion heater inside, and loft access to the ceiling.
Bedroom One - 4.32 x 3.48 (14'2" x 11'5") - The first double bedroom has a uPVC double glazed bay window to the front aspect, coving to the ceiling, carpeted flooring, economy 7 wall heater, built in wardrobes with matching bedside and overhead cabinets.
Door leading to the shower room Bedroom One - Bedroom One - En Suite Shower Room - 2.00 x 0.89 (6'6" x 2'11") - The handy shower room benefits from a white two piece suite comprising of; Vanity unit with handy storage and hand wash basin above and walk in shower with newly fitted electric shower and glazed screen.
Having fully tiled walls, vinyl flooring, heated towel rail and uPVC double glazed window to the side aspect.
Bedroom Two - 3.42 x 2.18 (11'2" x 7'1") - The second bedroom is to the rear of the property and has a uPVC double glazed window, coving to the ceiling, carpeted flooring and economy 7 wall heater.
Bedroom Two - Bathroom - 2.15 x 1.80 (7'0" x 5'10") - The bathroom benefits from a white three piece suite comprising of; Bath with newly fitted shower over and glazed screen, pedestal hand wash basin and low flush wc.
Finished with fully tailed walls, tiled effect vinyl flooring, heated towel rail, coved ceiling and uPVC double glazed window to the rear aspect.
Loft Space - The loft is a great storage space with a pull down ladder, carpeted floor tiles, electric and lighting and further eaves storage.
Outside - Communal Gardens - Well maintained lawn grounds for communal use. Our property has a paved patio area to the rear of it and a further wooden bin store with electric car charging point.
The gardens are maintained at a cost of £12 per month. Communal Gardens - Parking - One allocated parking space to the rear of the property and further visitors paring.
Bin Store - Allocated bin store with outside storage cupboard above. Tenure - Leasehold - We are informed by the seller that the tenure of this property is Leasehold.
Confirmation / verification has been requested. Please consult us for further details. Believed to be LEASEHOLD (Awaiting solicitors formal confirmation).
Each owner on the development has a share of the leasehold company. Ground rent £10 per annum, Croft Mews Service charge £12 per month.
150 Years from 1989 Council Tax Band & Epc Rating - Council Tax Band - B EPC - Viewing Arrangements - Please contact Joy Walker Estate Agents on to arrange a viewing on this property.
Opening Times - Monday - Friday 9.00 am to 5.15 pm. Saturday 9.00 am to 1.00 pm Conservation Area - Please note this property is in a conservation area.
Buyers are encouraged to make further enquiries with the local council or their solicitor.
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 Crofts Mews, Mill Road, Cleethorpes
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