Modern Method of Auction
Auction date not yet published
2-bedroom bungalow · LN6 8DU
For saleReduced £10k (−7.7%) on 6 AugListed 118 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary This two bedroom bungalow is situated within the highly sought after North Hykeham, boasting no onward chain, driveway parking, front and rear gardens, two double bedrooms, garage and local access to a wealth of amenities.
Description Situated within the ever popular North Hykeham area is this two bedroom semi-detached bungalow, benefitting from no onward chain and local access to a wealth of amenities such as shops, eateries, supermarkets, a post office, a leisure centre, gyms and parks as well as transport links and schooling.
The property in brief comprises: Entrance hall, lounge, kitchen, wet room and two double bedrooms.
Outside, gated access leads to a driveway to the front providing off road parking for multiple cars with a fence bordered area of lawn alongside and gated side access to the rear garden and garage.
To the rear is a fully enclosed garden which is mainly laid to lawn with a patio area ideal for seating and a detached garage.
Early internal viewing is strongly recommended to appreciate this property and its location in full. Auctioneer's Comments This property is offered through Modern Method of Auction.
Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT.
This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property.
The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.
A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack.
Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral.
These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Lounge with double glazed window to the front, radiator and carpet.
Kitchen with double glazed door to the side, window to the front, part tiled, tiled floor, boiler, plumbing and space for washing machine, stainless steel sink with tap, freestanding gas cooker, work top and cupboards.
Bedroom One with double glazed window to the rear, built in storage, radiator and carpet. Bedroom Two with double glazed window to the rear, radiator and carpet.
Bathroom with tiled flooring, shower over bath, wash hand basin, toilet and part tiled.
Outside A driveway to the front providing off road parking for multiple cars with a fence bordered area of lawn alongside and gated side access to the rear garden.
To the rear is a fully enclosed garden which is mainly laid to lawn with a patio area ideal for seating along with two sheds and a greenhouse. 1.
Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
Value & comps
No previous sales on record.
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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 advisors 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 8, Ash Grove, Lincoln
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