3-bedroom bungalow · PE12 0PN
Sold STCListed 195 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Three-bedroom detached bungalow offered with no onward chain, requiring full modernisation throughout.
The property comprises a spacious living room, three well-proportioned bedrooms and a conservatory, offering excellent scope for improvement and reconfiguration.
Benefiting from oil-fired central heating and a septic tank, this is an ideal opportunity for buyers looking to create a bespoke home or investment project.
A three-bedroom detached bungalow offered for sale with no onward chain, presenting an excellent opportunity for buyers seeking a full renovation project.
The accommodation comprises an entrance hall leading to a spacious living room, providing a solid foundation for reconfiguration or modern open-plan living.
There are three well-proportioned bedrooms, offering flexible space for family living, guests or home working.
A conservatory to the rear adds additional reception space and enjoys views over the garden.
The property includes a bathroom which now requires updating, along with the rest of the bungalow, offering buyers the chance to design and finish to their own specification.
Further benefits include oil-fired central heating and a septic tank.
Requiring complete modernisation throughout, this property represents a superb opportunity to create a bespoke home in a desirable setting.
Ideal for developers, investors or buyers looking to add value, the bungalow offers significant scope and potential. Early viewing is highly recommended to fully appreciate the opportunity on offer.
Auctioneer Comments: - This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £349 inc VAT for this pack.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.8% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/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.
These services are optional.
Entrance Hall - 3.64 x 0.92 (11'11" x 3'0") - Bathroom - 2.20 x 2.05 (7'2" x 6'8") - Hallway - 0.87 x 1.05 (2'10" x 3'5") - Master Bedroom - 3.33 x 3.35 (10'11" x 10'11") - Kitchen Diner - 2.72 x 6.92 (8'11" x 22'8") - Utility Room - 1.74 x 1.02 (5'8" x 3'4") - Living Room - 3.32 x 4.62 (10'10" x 15'1") - Conservatory - 6.12 x 2.80 (20'0" x 9'2") - Hallway - 0.87 x 1.32 (2'10" x 4'3") - Bedroom Two - 3.59 x 2.66 (11'9" x 8'8") - Bedroom Three - 3.57 x 2.34 (11'8" x 7'8") - Epc - E - 41/69 Tenure - Freehold - Important Legal Information - Construction: Standard Accessibility / Adaptations: Lateral Living Building safety: Full renovation required Known planning considerations: None Flooded in the last 5 years: No Sources of flooding: n/a Flood defences: No Coastal erosion: No On a coalfield: No Impacted by the effect of other mining activity: No Conservation area: No Lease restrictions: No Listed building: No Permitted development: No Holiday home rental: No Restrictive covenant: No Business from property NOT allowed: No Property subletting: No Tree preservation order: No Other: No Right of way public: No Right of way private: No Registered easements: No Shared driveway: No Third party loft access: No Third party drain access: No Other: No Parking: Single Garage, Driveway Private Solar Panels: No Water: Mains Electricity: Mains Supply Sewerage: Septic Tank Heating: Oil Internet connection: Cable Internet Speed: up to 47Mbps Mobile Coverage: O2 - Great Disclaimer: If you are considering purchasing this property as a Buy-to-Let investment, please be advised that certain areas may be subject to Selective Licensing schemes.
Prospective purchasers are strongly advised to carry out their own due diligence to ensure compliance with any applicable licensing requirements, including any associated fees or obligations.
All information is provided without warranty. The information contained is intended to help you decide whether the property is suitable for you.
You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.
Draft Details Awaiting Vendor Approval -
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
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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
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FAQ
About West Drove South, Gedney Hill, Spalding
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