2-bedroom bungalow · PE21 8LL
For saleListed 7 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offering huge potential for improvement, this two-bedroom detached bungalow presents an excellent opportunity for developers, investors or buyers looking for a project they can truly make their own.
While the property is in need of renovation and modernisation, it offers a fantastic foundation for someone with vision to unlock its full potential.
The accommodation comprises two generously sized bedrooms, providing plenty of scope to create comfortable and well-proportioned living spaces.
Externally, the property benefits from a double garage, ample off-road parking and a pleasant garden, adding to its appeal and offering further possibilities to enhance the outside space.
The property would suit a variety of buyers, whether looking to undertake a renovation project, add value through refurbishment or explore the potential for future development, subject to the necessary planning permissions and consents.
Please note that asbestos is present within some of the walls, and this has been taken into consideration when pricing the property.
Interested parties are advised to make their own enquiries and seek appropriate professional advice regarding any works required.
A fantastic opportunity for those willing to put in the work, with generous accommodation, excellent parking facilities and significant potential to transform this detached bungalow into a desirable home or investment.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 Carlton Road, Lincolnshire
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