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See how verdicts work4-bedroom terraced house · PE24 4DQ
For saleReduced £5k (−2.5%) on 21 OctListed 257 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
HomeMove Estate Agents by Carl Smith are delighted to offer for sale this spacious market town property situated on Barkham Street, this property is a unique grade 2 listed early Victorian house built in 1847, designed by Sydney Smirke for the Bethlem Hospital, and mimics London Style Architecture.
Wainfleet itself is located approximately five miles from the coastal resort of Skegness but is a market town within itself having supermarket, primary school, train service to Skegness, Boston & Nottingham.
The property offers four bedrooms, two reception rooms, two bathrooms and has electric heating and single glazing, a garden to the rear and on street parking to the front.
Basement: Having door to the garden, stairs to the next floor, utility area.
Utility Area – Having panel heater, plumbing for automatic washing machine, base cupboard, wall mounted cupboards and work tops.
Bathroom – Having extractor, mermaid boarding, panel bath with mixer tap with shower attachment, wash hand basin, dual flush wc, full height storage cupboard, chrome effect heated towel rail.
Kitchen Diner – Having window to the rear, brick fire place with wooden mantle, space for fridge freezer, built in dishwasher, base cupboards, drawers and wall mounted units, Belfast style sink with mixer tap, wood grain work tops, panel heater, downlights, electric oven, hob and extractor.
Ground Floor: Having hall, lounge & dining room.
Hall – Having a timber entrance door, panel heater, stairs Lounge – Having box bay sash window with shutters to the front, panel heater, open fire, wooden floor, cornicing, picture rail, original cupboards.
Dining Room/Study/Playroom – Having open fire, wooden floor, sash window with shutters, panel heater, picture rail, cornicing. First Floor – Having landing, Bedroom one & bathroom.
Landing – Having wooden floor, coving, panel heater. Bedroom One – Having two sash windows, wooden floor, panel heater, coving, decorative fireplace.
Bathroom – Having sash window, extractor, dual flush wc, double shower enclosure with electric shower, tall storage cupboard, vanity wash hand basin, centre fill bath, wooden floor and mermaid boarding.
Second Floor: Having landing, bedrooms two, three and four. Landing – Having access to the roof space, wooden floor, two storage cupboards. Bedroom two – Having sash windows, panel heater, spotlights.
Bedroom Three – Having sash window, panel heater. Bedroom Four – Having sash window, panel heater.
External The property has a rear garden ideal for planting tubs and pots, there is also a catio which could be utilized as a pergola or dog pen, two door outbuilding suitable for storage/workshop with light and power, outside tap situated in separate wc (not used) On street parking is provided to the front of the property in this private no through road.
Situation: Situated in the market town of Wainfleet some five miles from the coastal resort of Skegness, having train station, bus links, supermarket and primary school on hand.
General Information: Tenure: Freehold. Local Authority: East Lindsey District Council. The agency website indicates Tax band: A.
Energy Rating: E 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 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
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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 6, Barkham Street, Skegness
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