2-bedroom bungalow · PE24 4HB
For saleListed 274 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description A well presented semi detached bungalow positioned on a pleasant rural lane close to the well served village of Wainfleet and a short drive to the popular seaside town of Skegness.
The property comprises of kitchen, lounge, dining room, conservatory, two double bedrooms and shower room. The outside of the property offers off road parking for two cars.
The rear garden is mainly laid to wood effect patio with views over open fields. Additional benefits include oil central heating and uPVC double glazing.
With viewings available now - by appointment only Entrance Porch: Having uPVC entrance door and uPVC door to kitchen.
Kitchen: 3.89m x 3.48m (12'9" x 11'5") , Having one and a half bowl single drainer sink unit with mixer tap over set in work surfaces extending to provide a range of base fitted storage cupboards and drawers under together with matching range of wall mounted storage cupboards over, tile splash backs to work surfaces, integrated four ring electric hob with extractor fan over, integrated double oven, space and plumbing for washing machine, space and plumbing for dishwasher, space for fridge/freezer, radiator and ceiling light point.
Lounge: 3.99m x 3.48m (13'1" x 11'5") , Having multi fuel burner set in tile surround, television point, radiator and ceiling light point.
Dining Room: 5.00m x 2.64m (16'5" x 8'8") , Having access to roof space (fully boarded), consumer unit, radiator, ceiling light point and uPVC double doors to conservatory.
Conservatory: 3.63m x 2.79m (11'11" x 9'2") , Having radiator, ceiling light point and uPVC double glazed double doors to rear garden. Inner Hall: Having access to roof space and ceiling light point.
Bedroom One: 3.43m x 2.87m (11'3" x 9'5") , Having radiator and ceiling light point. Bedroom Two: 2.84m x 2.41m (9'4" x 7'11") , Having radiator and ceiling light point.
Shower Room: 2.44m x 1.80m (8' x 5'11") , Having double walk in shower set in tile surround with double headed mixer shower therein and shower screen, Outside: Front: The property is approached over a double paved and converted driveways and low level wall to the front boundary and side lean to.
Rear: The enclosed low maintenance rear garden having views over open fields being paved with wood effect patio with a range of established shrubs and trees, chip slate border being ideal for flower pots and tubs, oil tank and external boiler.
Lean to: Having three ceiling light points, space for tumble dryer, space for freezer and door to log store.
Value & comps
No previous sales on record.
Returns
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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 Fourwinds, St Michaels Lane, Skegness
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