We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom bungalow · DN33 2NX
Listing removedListed 163 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Modern Method of Auction - T & Cs Apply Two Bedroom Detached Bungalow in Sought-After Scartho – Ideal for Downsizing or Retirement. Offered for sale with No Onward Chain!
Situated in the highly regarded and sought-after area of Scartho, this two bedroom detached bungalow offers a fantastic opportunity for those looking to downsize or find a peaceful retirement property.
The property is well presented throughout and ready for someone to put their own stamp on. Set in a quiet and established neighbourhood with excellent local amenities nearby.
Internal accommodation briefly comprises: Entrance to the side of the property, Lounge, two Bedrooms, Kitchen and Bathroom. Outside, the property benefits from a driveway providing off-road parking.
Entrance Porch Entrance Hall Lounge 6.35m x 4.14m - 20'10" x 13'7" Kitchen 5.16m x 1.65m - 16'11" x 5'5" Bedroom 1 3.94m x 3.2m - 12'11" x 10'6" Bedroom 2 3.94m x 2.54m - 12'11" x 8'4" Bathroom 2.24m x 1.61m - 7'4" x 5'3" BUYING CONDITIONS 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 winning bidder 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 4.5% 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.
Paym
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
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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 advisers 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 Southfield Avenue, Grimsby, Lincolnshire, DN33
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