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See how verdicts work2-bedroom bungalow · PE25 1RS
Listing removedListed 282 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description A well presented semi detached dormer bungalow enjoying an excellent cul-de-sac location just on the outskirts of town with easy access into town either via Roman Bank or via the back lanes in the busier summer months.
Also being a 2 minute walk from beautiful country walks and a 5 minute drive from the sea. The downstairs of the property comprises of kitchen, lounge, cloakroom and bedroom.
The upstairs of the property offers bedroom and shower room. The outside of the property offers private rear access road and allocated parking for residents only.
The front garden is low maintenance with garden path and gravelled area. The rear garden is paved with gravelled borders, timber shed and garden gate leading to parking.
Additional benefits include gas central heating with 'Hive' heating controls and uPVC double glazing, Viewings available now - by appointment only.
Entrance Hall: Having uPVC entrance door, built in storage cupboard, stairs to first floor landing, with radiator and double plug socket under, smoke alarm and ceiling light point.
WC: Having pedestal hand wash basin with tile splash back, close coupled wc, radiator, extractor fan and ceiling light point.
Kitchen: 1.57m x 2.59m (5'2" x 8'6") , Having stainless steel single drainer sink unit with mixer tap over set in work surfaces extending to provide a range of base fitted cupboards and drawers under together with matching range of wall mounted cupboards over, integrated four ring gas hob with integrated oven under (new July 2023 with a service plan) stainless steel extractor canopy, cupboard housing 'Viessmann' combination boiler (new July 2023), space and plumbing for washing machine, space for fridge freezer, radiator and ceiling light point.
Lounge: 3.17m x 4.44m (10'5" x 14'7") , Having television point, radiator and ceiling light point.
Bedroom Two: 3.17m x 2.67m (10'5" x 8'9") , Having television point, radiator and ceiling light point.
Stairs and Landing: Having access to roof space, storage space into the eaves, smoke alarm and ceiling light point.
Bedroom One: 3.05m x 4.04m (10' x 13'3") , Having velux style skylight window, radiator, ceiling light point and storage space into the eaves.
Shower Room: 2.46m x 1.70m (8'1" x 5'7") , Having double walk in shower with mixer shower therein and shower screen, pedestal hand wash basin with tile splash backs, close coupled wc, extractor fan, radiator and ceiling light point.
Outside: Front: The property is approached by a small garden gate with garden path leading to the side of the property.
The front garden is laid to gravel for ease of maintenance and being ideal for flower pots and tubs.
Side: A side access gate leads to the entrance door and the rear garden Rear: The rear garden is concrete slabbed with gravel border being ideal for flower pots and tubs, with garden shed with electric lights and sockets and gate access to the rear parking.
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
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FAQ
About 8, Skipworth Way, Skegness
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