4-bedroom bungalow · LN9 5QG
For saleReduced £25k (−4.8%) on 20 MayListed 249 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Dromana is an incredibly spacious, detached four bedroom bungalow; situated to a quiet position in the popular village of Hemingby.
Offering a generous lounge stepping through to versatile sun room; plus a dining-kitchen, the back of the property steps out to an attractive rear patio and garden beyond, facing South.
Flexible to suit a range of potential purchasers, Dromana boasts modern fitments and a stylish finish; plus an EPC-C Rating.
Hemingby is an attractive rural village located just West of the Lincolnshire Wolds (National Landscape) and within three miles of the well serviced Georgian market town of Horncastle.
The town is home to the prestigious Queen Elizabeth's Grammar School alongside further secondary & primary schooling; as well as supermarkets, doctors surgery, public transport links and more.
The county city of Lincoln sits a 20 mile drive to the West; the Lincolnshire coastline 24 miles to the East.
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.
Area
Agent & docs
FAQ
About Dromana, Chapel Lane, Hemingby, Horncastle
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