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 bungalow · PE24 5PS
Listing removedReduced £5k (−2.6%) on 21 JunListed 389 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
HomeMove Estate Agents are pleased to present to the market this three-bedroom detached bungalow situated in the village of Hogsthorpe.
Having a modern kitchen, bathroom and nice size lounge diner, off road parking is provided in the form of a driveway and the bungalow has well-tended gardens to the rear with a summer house having electric, the generously sized accommodation is further offered with no onward chain, so early viewing is most certainly advised.
The property is heated by electric and has a wood burner in the lounge. Entrance Hall - Having timber and glazed entrance door with twin side screen, texture and coving to the ceiling.
Kitchen – Having window to the rear elevation, entrance door to the side elevation, space for fridge freezer, electric heater a selection of fitted white kitchen units with a black worktop over, tiled splashback, inset one and a half bowl sink with mixer tap, plumbing and space for automatic washing machine, space for dishwasher, electric oven with extractor above.
Lounge Diner – Having window to the front elevation, window to the side elevation, texture and coving to the ceiling, electric heater, woodburner.
Inner Hall – Having texture and coving to the ceiling, access to the roof space, airing cupboard housing the hot water cylinder, additional storage cupboard.
Bedroom 1 – With window to the front elevation, coving to the ceiling, electric fuse box, wall light points, electric heater.
Bedroom 2 – With window to the rear elevation, electric heater, texture and coving to the ceiling. Bedroom 3 – Having window to the rear elevation, electric heater, texture and coving to the ceiling.
Bathroom – Having a window to the side elevation, chrome effect heated towel rail, texture and coving to the ceiling, extractor, part tiled walls, dual flush wc, pedestal wash hand basin, panel bath with electric shower above.
Driveway - Tarmac driveway providing off road parking.
Garden - To the rear of the property you will find a garden set with fencing and hedging to the boundaries, paved pathway, lawned area, timber summer house with electric connected and side access to the property.
Situation: Located within a village which is serviced by a bus with links to the coastal resorts of Skegness & Mablethorpe.
Facilities at Hogsthorpe include a primary school, local store and public house. General Information: Tenure: Freehold. Local Authority: East Lindsey District Council.
The agency website indicates Tax band: C.
Energy Rating: D Carl Smith, HomeMove Lincolnshire: Carl joined the HomeMove team in 2021, bringing over 20 years of experience in the property industry and more than 15 years of managing estate agency branches across Skegness, Louth, and Grantham.
With his comprehensive understanding of the Lincolnshire property market, Carl is proud to be considered a local expert.
In 2025, HomeMove Lincolnshire was proudly recognised as the estas Winner for ‘Best Agent in the PE25’ postcode. Feel free to reach out to Carl for professional property advice and support.
* When you make an offer on a property, we are required by law to carry out id and Financial verification checks.
As part of this we will need to see documents including Proof of id, Address and Financial Statements and we will carry out a ‘SmartSearch’ chargeable at £7.50 per buyer.
HomeMove Estate Agents may be paid a referral fee for introducing clients to their preferred EPC, Conveyancing, Survey and Mortgage service providers.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 19, Thames Crescent, Skegness
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