3-bedroom bungalow · PE25 2NB
For saleReduced £10.1k (−4.2%) on 21 JunListed 1151 days
Opportunity summary
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About
Detailed Description Located in a sought after area of Skegness, here we have a Three Bedroomed Detached Bungalow, which benefits from well maintained and presented accommodation comprising of an L shaped lounge diner, kitchen, bathroom and 3 bedrooms.
In addition it offers off road parking for several cars and a larger than average garage. South facing rear garden.
The property is in 'ready to move in' condition and there's no upward chain, so it's available for a quick sale if required.
Entrance: The property is entered through a uPVC front door on the side elevation which leads to the entrance hall.
Entrance Hall: With radiator, cupboard and a further cupboard which houses the gas central heating boiler.
In addition there's access to loft, ceiling light point and a door to; Lounge/Diner: 6.40m x 3.88m max (20'12" x 12'9" max) , This is an L shaped room with three uPVC windows, two to the front elevation and one to the side, giving lots of light into the room.
There's a feature fire surround with wooden mantel, tiled hearth and an inset feature wood burning stove, two radiators and ceiling light point, TV point.
Another feature of the room is the obscure glazed, wooden framed, window and door leading from the hall which introduces additional light into the room.
Kitchen: 3.18m x 2.83m (10'5" x 9'3") , Comprising a range of recently fitted base and wall units under complimentary worktops with tiled splashbacks.
There's a Stainless Steel sink with taps over, a built in oven with inset gas hob with extractor over, space and plumbing for washing machine and fridge freezer plus a uPVC window and door to the side elevation.
Bathroom: The bathroom benefits from a 3 piece suite which comprises of a low level W/C, a bath with shower over, an obscure uPVC window to the side elevation, radiator, ceiling light point.
Bedroom One: 3.47m x 3.53m (11'5" x 11'7") , uPVC double glazed window to the rear elevation, radiator, TV point, ceiling light point.
Bedroom Two: 3.34m x 2.80m (10'12" x 9'2") , uPVC double glazed window to the rear elevation, radiator, ceiling light point.
Bedroom Three: 2.84m x 2.36m (9'4" x 7'9") , uPVC window to the side elevation, radiator, ceiling light point.
Front Garden: Double gates open onto a gravelled drive which provides off street parking for several vehicles and leads to the garage.
The rest of the front garden is also laid to low maintenance gravel with inset shrubs and is enclosed by a low wooden fence.
Rear Garden: The south facing rear garden has been designed for ease of maintenance, and benefits from a slabbed patio area which is inset into some artificial lawn.
This would be great place for sitting and enjoying the sunshine. In addition there is an a gravelled area with stepping stones that lead to a metal garden shed and multiple log stores.
Garage: With wooden double doors, concrete floor, light and power.
Value & comps
No previous sales on record.
Returns
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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
Agent & docs
FAQ
About 61, Albany Way, Skegness
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