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See how verdicts work4-bedroom house · DN21 5QE
For saleReduced £5k (−1.6%) on 9 OctListed 186 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We offer to the market a modern four bedroom detached property situated in the popular Village of Corringham located on the outskirts of the market town of Gainsborough and also having access to the cathedral city of Lincoln, which are both well served with amenties including Marshalls Yard retail complex, eateries and leisure facilities and highly regarded schools.
Viewing highly recommended. A modern detached four bedroomed property with en suite shower room to the master.
Accommodation comprises Entrance Hall, Cloakroom, Sitting Room, Study, spacious Kitchen/Diner and Utility Room, To the first floor are the bedrooms and family Bathroom .There is gas central heating, double glazing and a single garage with rear lawned garden.
Accommodation Entrance door leading into: Entrance Hallway Stairs rising to first floor accommodation and doors in turn giving access to: Lounge (5.71m x 3.30m (18'8" x 10'9" )) With French doors with windows to either side elevation leading out to the rear garden, feature fireplace and radiator.
Play Room/Study (1.9m x 3.30m (6'2" x 10'9" )) Double glazed window to the front elevation, radiator and laminate flooring.
Kitchen Diner (6.40m x 3.00m (20'11" x 9'10" )) Fitted kitchen comprising wall and base units with complementary work surface, inset sink and drainer, integrated fridge/freezer, dishwasher and oven, double glazed windows to the front and rear elevations, radiator and laminate flooring.
Door giving access to: Utility (1.60m x 1.80m (5'2" x 5'10" )) Fitted with base and wall units and inset sink and drainer, door to the rear elevation giving access out to the rear garden, double glazed window to the rear and laminate flooring.
W.C. (1.50m x 0.7m (4'11" x 2'3" )) Two piece suite comprising w.c. And wash hand basin.
First Floor Landing With doors in turn giving access to: Master Bedroom (3.88m x 2.89m (12'8" x 9'5" )) Double glazed window to the rear elevation, range of fitted wardrobes and radiator.
Door leading into: En Suite (1.60m x 2.01m (5'2" x 6'7" )) Three piece suite comprising w.c., sink and shower cubicle, double glazed window to the rear elevation, radiator and vinyl flooring.
Bedroom Two (3.70m x 3.19m (12'1" x 10'5" )) Double glazed window to the rear elevation and radiator.
Bedroom Three (3.58m x 2.89m (11'8" x 9'5" )) Double glazed window to the front elevation and radiator.
Bedrdoom Four (2.52m x 2.89m (8'3" x 9'5" )) Double glazed window to the front elevation and radiator.
Bathroom (1.74m x 2.01m (5'8" x 6'7" )) Three piece suite comprising w.c., wash hand basin, bath and separate shower, double glazed window to the front elevation, radiator and vinyl flooring.
Externally A pathway to the front of the property leads to the entrance door and access to the enclosed rear garden which is mainly set to lawn with a gated access to the side of the brick built single garage.
Tenure - Freehold Council Tax Through enquiry of the West Lindsey District Council we have been advised that the property is in Rating Band 'D' Estate agents operating in the UK are required to conduct Anti-Money Laundering (aml) checks in compliance with the regulations set forth by hm Revenue and Customs (hmrc) for all property transactions.
It is mandatory for both buyers and sellers to successfully complete these checks before any property transaction can proceed.
Our estate agency uses Coadjute’s Assured Compliance service to facilitate the aml checks. A fee will be charged for each individual aml check conducted
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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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 2, Nicholas Way, Corringham
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