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See how verdicts work3-bedroom bungalow · PE23 5LJ
Listing removedListed 402 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This three bedroom detached bungalow is situated on an attractive cul-de-sac and is brought to the market with no onward chain.
Offering kitchen which is open-plan to the dining room, bathroom with both shower cubicle and bath, conservatory and patio, enclosed south facing rear garden, block paved driveway leading to intergral garage and open-plan landscaped low maintenance frontage.
The property benefits from uPVC windows and doors throughout and central heating from a recently installed (2024) gas-fired boiler and is located in the popular Market Town of Spilsby and within walking distance of local ameneties.
Front Of Property - Low maintenance open-plan landscaped frontage set to areas of decorative gravel with block paved pathways to the front and side, block paved driveway leading to the integral garage, external lighting to the side of the property and boundaries of fencing.
Entrance Hallway - 3.7m max x 4.9m max x 0.9m min (12'1" max x 16'0" - Internal hallway leading to all rooms with partially glazed composite front door with feature glazed panes, radiator, loft access and carpeted flooring.
Living Room - 5.0m max x 3.8m (16'4" max x 12'5") - With feature fireplace and electric fire, hearth and mantle, radiator, carpeted flooring, internal wooden French doors to the dining room and uPVC French doors to the conservatory.
Conservatory - 4.0m x 3.0m (13'1" x 9'10") - Of dwarf brick wall and uPVC construction with single doors to either side, polycarbonate style pitched roof, ceiling fan and laminate flooring.
Dining Room - 3.0m x 3.0m (9'10" x 9'10") - Being open-plan to the kitchen via an archway, with radiator, window overlooking the rear garden and carpeted flooring.
Kitchen - 3.0m x 2.9m (9'10" x 9'6") - With a range of wall and base units to include full height larder unit and display cabinets, integrated oven and grill, integrated gas hob with extractor over, sink with 1.5 bowls and mixer tap, space and plumbing for washing machine, space for two under counter appliances, partially tiled walls, window to the side and tiled flooring.
Bathroom - 3.0m x 1.9m (9'10" x 6'2") - With both bath and seperate shower with glazed shower cubicle, rainfall shower and uPVC wall boarding surround, WC, wash basin, heated towel radiator, tiled walls, extractor fan, window with obscured glazing to the side and tiled flooring.
Bedroom One - 3.3m max x 4.0m (10'9" max x 13'1") - With radiator, window to the front of the property and carpeted flooring.
Bedroom Two - 3.5m x 2.7m (11'5" x 8'10") - With radiator, window to the front of the property and carpeted flooring.
Bedroom Three - 2.7m x 2.7m (8'10" x 8'10") - With radiator, window to the driveway and carpeted flooring.
Garage - 5.0m x 3.6m (16'4" x 11'9") - With up-and-over garage door, recent (2024) Worcester gas combination wall-mounted boiler with remaining warranty, power and lighting, fuse box and gas metre, pedestrian door and window to the rear garden and concrete flooring.
Rear Garden - With two block paved raised terraces edged with dwarf wall to either side of the conservatory, lawn with mature trees, garden shed, area of decorative gravel, external tap and lighting, pedestrian access to either side of the property via block paved pathways with a personell gate to the left of the property and boundaries of mature hedging and fencing.
Tenure & Possession - The property is Freehold with vacant possession upon completion. Services - We understand that mains gas, electricity, water and drainage are connected to the property.
Local Authority - Council Tax Band 'C' payable to Local Authority: East Lindsey District Council, The Hub, Mareham Road, Horncastle, Lincs, LN9 6PH. Tel: .
Energy Performance Certificate - The property has an energy rating of 'C'. The full report is available from the agents or by visiting Reference Number: 0330-2118-9580-2125-3471.
Viewing - Viewing is strictly by appointment with the Alford office at the address shown below.
Directions - From the A16 Louth to Boston road, on reaching Spilsby, turn onto the B1195 towards Spilsby town centre. Proceed through the town then turn right into Tasman Road.
Continue down Tasman Road, turning left into Erebus Close which is a block paved roadway leading to the property which can be found at the head of the cul-de-sac. What3words///trace.lurching.slouched
Value & comps
No previous sales on record.
Returns
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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.
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About Erebus Close, Spilsby
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