Modern Method of Auction
Auction date not yet published
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 house · PE22 8PS
For saleReduced £30k (−26.1%) on 16 JulListed 129 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Being sold via secure sale online bidding. Terms and conditions apply. Starting bid £115,000.
This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted, ultimately a transparent process which provides speed security and certainty for all parties.
HomeMove Estate Agents by Carl Smith are pleased to present to the market, this detached cottage located on Fen Bank in Friskney.
The property needs restoration and renovation and would make a fantastic project/development.
The property comprises porch, kitchen, living room, sitting room with dining area, conservatory, three bedrooms and shower room.
Set on an attractive plot laid to garden with the inclusion of a static caravan. Oil central heating and double glazing are installed. Entrance Porch With UPVC entrance door.
Kitchen 15 x 9’10 With UPVC windows to the front and side aspects, radiator, timber door, free standing boiler, fitted base and wall cupboards with work surfaces, plumbing for washing machine, sink.
Lounge 12’06 x 11’11 With UPVC window, radiator, beams, fireplace with electric fire, wall light point, storage cupboard, stairs to the first floor.
Sitting Room 12’02 x 10’02 With beam, wall light point, radiator, stone fire place with electric fire, arch to dining area having space for table.
Conservatory 12’02 x 6’03 With UPVC entrance door, windows. Landing With doors to; Bedroom One 12’02 x 11’01 With two windows, radiator, sloping ceiling.
Bedroom Two 10’02 x 9’08 Having window, radiator, sloping ceiling. Bedroom Three 10’04 x 7’08 With window, radiator, sloping ceiling.
Shower Room With window, low level wc, sink radiator, shower cubicle. Outside The property has wrap around gardens mainly laid to lawn, a static caravan is included within the purchase.
Auctioneers additional comments: Pattinson auction are working in partnership with the marketing agent on this online auction sale and are referred to below as the auctioneer This auction lot is being sold either unconditional (Modern) or conditional (traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent The property is available to be viewed strictly by appointment only via the Marketing Agent or the auctioneer Bids can be made via the Marketing agents or via the Auctioneers website Please be aware that any inquiry bid or viewing of the subject property will require your details being shared between both any Marketing Agent and the Auctioneer in order that all matters can be dealt with if effectively the property is being sold via a transparent online auction in order to submit a bid upon any property being marketed by the auctioneer or bidders/ buyers will be required to adhere to a verification of identification process in accordance with anti money laundering procedures can be submitted at any time and from anywhere Verification process is in place to ensure that aml procedure are carried out in accordance with the law the advertised price is commonly referred to as a starting bid or guide price and is accompanied by a reserve price the reserve price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the guide price These prices are subject to change An auction can be closed at any time with the auctioneer permitting for the property to be sold prior to the end of the auction A legal pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding The legal pack will also outline the Buyers obligations and sellers commitments it is strongly advised that you seek the console of a solicitor prior to proceeding with any property and land title purchase Auctioneers additional comments in order to skew the property and ensure commitment from the seller upon exchange of contracts the successful bidder will be expected to pay a non refundable deposit equivalent to 5% of the purchase price of the property The deposit will be a contribution towards purchase price a non refundable reservation fee of up to 6% including VAT subject to a minimum of £6000 including that is also required to be paid upon agreement of sale the reservation fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any stamp duty land tax liability associated with overall purchase costs both the marketing agent and the auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers from which a referral fee may be obtained there is no requirement or indeed obligation to use these recommended suppliers or services Situation: Skegness is the principal Lincolnshire coastal resort with a resident population of around 20,000 persons increasing substantially in the summer months with the influx of holidaymakers and day visitors.
It is some 40 miles east and south of Lincoln and Grimsby respectively with main communication links via the A52 & A158 roads to the south and Midlands.
General Information: Local Authority: East Lindsey District Council. The agency website indicates Tax band: B.
Energy Rating: Tbc 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 £15.00 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.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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.
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FAQ
About Birchdale Cottage, Fen Bank, Boston
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