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See how verdicts work2-bedroom bungalow · PE24 5UN
For saleListed 5 daysAuction 30 Nov · in 33 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*ONLINE Unconditional Auction Opening 30 November 2026 * To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/lincolnshire Situation: The property is situate on Buckingham Drive, Chapel – St – Leonards, a popular and well positioned area of this well regarded Lincolnshire coastal town.
There are a wide range of facilities and amenities within easy reach, along with good access up the East coast and to the surrounding towns and villages.
Description: A wonderful opportunity to acquire this well proportioned and deceptively spacious detached bungalow, in need of a complete scheme of improvement works throughout following fire damage.
The property offers significant scope to add value, and an excellent investment or development opportunity for the purchaser.
Accommdation Breakfasting Room Kitchen Dining Room Lounge Bedroom 1 Bedroom 2 Bathroom Outside Gardens to front and rear. Material Information Tenure: The property is freehold.
All prospective bidders should satisfy themselves of terms of the tenure, ground rent and service charge if applicable, by inspecting the legal pack.
Council Tax: The property falls within East Lindsey Council – BAND - A Possession: Vacant possession will be given upon completion.
Viewing: Due to health & safety, no internal inspections will be possible. Services: Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities.
NB: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order.
The buyer is advised to obtain verification from their Solicitor/Surveyor.
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract.
Information relating to Rating and Town and Country Planning matters has been obtained by verbal enquiry only.
Prospective purchasers are advised to make their own enquiries of the appropriate Authority. Information relating to Phone & Broadband can be found by visiting Ofcom.
All measurements, areas and distances are approximate only. Potential purchasers are advised to check them. Tenure: Freehold Administration Fee: £1440 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1440 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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 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 33 Buckingham Drive, Chapel St. Leonards, Skegness PE24 5UN
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