3-bedroom bungalow · PE24 5SE
Sold STCListed 27 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious detached bungalow located on a substantial corner plot in the popular coastal village of Chapel St Leonards.
The sizeable frontage features two driveways with ample off road parking and is attractively presented with decorative hedges along its border.
Having a 22' living room and 15' foot kitchen with an additional 12' utility, there is also plenty of living space - perfect for family living.
The property further benefits from an ensuite, low maintenance rear garden, integral garage and is available with no onward chain.
Front Of Property - The property is located on a corner plot having wrought iron gates, two driveways (one part gravelled and one block paved), low maintenance gravel areas, paved footpaths, decorative hedges and hedging to border.
Entrance Porch - With tiled floor and uPVC door to: Hallway - With built in storage cupboards, loft access and carpeted flooring.
Lounge - 6.91m x 4.67m (max) (22'8 x 15'4 (max)) - With brick fireplace having tiled hearth, bay window to front of property, two windows to the side of the property and carpeted flooring.
Dining Kitchen - 4.78m x 3.63m (15'8 x 11'11) - With range of base and wall units, integrated electric oven, integrated microwave, ceramic hob, extractor hood, stainless steel sink with mixer tap and drainer, tiled splashback, window to side aspect, vinyl flooring and double doors into living room.
Utility Room - 3.91m x 3.73m (12'10 x 12'3) - With base units, space and plumbing for washing machine, stainless steel sink with drainer, extractor, window to side aspect, vinyl flooring, door to rear garden and access to integral garage.
Bedroom One - 3.56m x 3.45m (11'8 x 11'4) - With carpeted flooring and window to rear aspect.
En Suite - With shower cubicle having electric shower, WC, sink, extractor fan, window to rear aspect and vinyl flooring.
Bedroom Two - 3.91m x 3.23m (12'10 x 10'7) - With built in wardrobes having sliding doors, carpeted flooring and window to front aspect.
Bedroom Three - 3.23m x 3.20m (10'7 x 10'6) - With carpeted flooring and window to front aspect.
Bathroom - 2.54m x 3.00m (into shower) (8'4 x 9'10 (into show - With bath having shower over, WC, bidet, sink with storage cupboard underneath, extractor fan, window to rear aspect, part tiled walls and vinyl flooring.
Integral Garage - 6.35m x 4.47m (20'10 x 14'8) - With power, electric roller door and cloakroom having WC and sink.
Garden - Low maintenance rear garden with gravel area surrounded by paved paths and raised flower bed.
Energy Performance Certificate - The property has an energy rating of 'D', The full report is available from the agents or by visiting Reference Number: 0360-2905-4680-2826-5571 Services - We understand that mains electricity, water and drainage are connected to the property.
Heating is via an oil fired boiler. Local Authority - Council Tax Band 'D' payable to Local Authority: East Lindsey District Council, The Hub, Mareham Road, Horncastle, Lincs, LN9 6PH. Tel: .
Tenure & Possession - The property is Freehold with vacant possession upon completion. Viewing - Viewing is strictly by appointment with the Skegness office at the address shown below.
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Value & comps
No previous sales on record.
Returns
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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 Well Vale Drive, Chapel St. Leonards, Skegness
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