2-bedroom semi-detached house · PE25 1FE
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale with NO ONWARD CHAIN! This well-presented semi-detached house offers a considered balance of space and comfort within a pleasant cul-de-sac location.
The property is offered on a 25% shared ownership basis, providing an accessible opportunity for suitable purchasers.
On entry, a spacious hall provides a versatile area suitable for use as a study, establishing a practical and welcoming introduction to the home.
The lounge-diner delivers a flexible living and entertaining environment, complemented by a good size kitchen that is well-suited to day-to-day needs.
Both bedrooms are double in size, affording ample accommodation for residents and guests alike, while the thoughtfully designed layout ensures efficient use of space throughout.
There is a downstairs wc as well as bathroom to the first floor.
Externally, the property benefits from a low maintenance rear garden, offering the advantage of a private outdoor retreat which is conducive to relaxation and enjoyment.
For added convenience, an allocated car parking space is situated adjacent to the rear garden, enhancing ease of access.
The overall presentation of the property is immaculate, reflecting care and attention to detail. This property in Winthorpe is within half a mile of the beach.
The location combines the benefits of a residential cul-de-sac setting with ready access to the coastline and local amenities (town centre and train station just over a mile away), making it suitable for those seeking convenience and a coastal lifestyle.
Tenure: Leasehold, Hall/Study Area 5.24m x 2.17m (17'2" x 7'1") Entered via UPVC front door with UPVC windows to the front and side aspects, stairs to the first floor, under stairs storage cupboard, radiator, handy recess for a desk to create a useful study area, doors to; WC With UPVC window to the rear aspect, wash hand basin, low level wc, radiator.
Lounge 3.71m x 3.25m (12'2" x 10'8") With UPVC window to the front aspect, radiator.
Kitchen 3.51m x 3.25m (11'6" x 10'8") With UPVC window and door to the rear aspect, radiator, fitted base and wall cupboards, work surfaces, inset stainless steel sink, integrated electric oven, integrated gas hob with extractor over, central heating boiler, space for washing machine, space for tumbler, space for fridge and space for freezer (some white goods available by separate negotiation).
Landing With storage cupboard, loft access, UPVC window to the side aspect, radiator, doors to; Bedroom One 5.55m x 3.21m (18'3" x 10'6") With two UPVC windows to the front aspect, radiator, fitted cupboard over the stairs.
(Large freestanding wardrobes and matching chest of drawers available by separate negotiation). Bedroom Two 3.99m x 3.25m (13'1" x 10'8") With UPVC window to the rear aspect, radiator.
Bathroom UPVC window to the rear aspect, low level wc, pedestal wash hand basin, panelled bath with electric shower over, radiator, extractor fan.
Outside Small front garden with hedging and walling. To the rear is a paved garden enclosed by walling and fencing. Gated access opens to allocated car parking space.
Directions From our office on Roman Bank/A52 proceed north and go straight on at The Ship traffic lights.
At the lights adjacent to North Shore golf course turn left onto Canterbury Drive and then first left into Ely Way. Location Great cul-de-sac location with views towards trees and green space.
Within 1/2 a mile of the North Shore Golf Course and the golden sandy beach! Less than 200 metres from the bus stop. The town centre and train station is just over a mile away.
Material Information Link All information is provided without warranty. Contains HM Land Registry data © Crown copyright and database right 2021.
This data is licensed under the Open Government Licence v3.0. The information contained is intended to help you decide whether the property is suitable for you.
You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.
Material Information Data Tenure: Shared Ownership Lease length: 81 years remaining (99 years from 2008) Shared ownership: 25% owned Council tax band: B EPC rating: Survey Instructed Semi-detached house, standard brick and block construction 2 bedrooms, 2 bathrooms, 1 reception Accessibility adaptations: Level access Loft: insulated and unboarded, accessed by Hatch on landing Outside areas: Front garden and Rear garden No spray foam insulation Mains electricity Mains water Mains foul drainage Mains surface water drainage Mains gas central heating Heating features: Double glazing Broadband: FTTP (Fibre to the Premises) Mobile coverage: O2 ok, Vodafone ok, Three great, EE good Parking: Driveway Not in a controlled parking zone No disabled parking available Not a listed building Not in a conservation area No tree preservation order No environmental risks recorded No specialist issues recorded Onward chain: no Title Register Restrictions The owner cannot sell or transfer the property without a certificate from the landlord (New Linx Housing Trust) confirming that certain conditions in the lease (specifically clause 3(18)) have been met.
A certificate from a conveyancer (a property lawyer) is required before any sale or transfer can be registered, confirming that the rules in the sixth schedule of the lease have been followed.
The lease contains 'alienation' provisions, which are rules that restrict or limit the owner's ability to sell, sub-let, or share the property with others.
There are restrictive covenants—which are legal promises not to do certain things on the land—contained in a 2009 document regarding an electricity sub-station.
Local Authority This property falls within the geographical area of East Lindsey District Council - .
https// Viewing By appointment with the Sole Agent Lovelle Estate Agency, telephone .
We recommend prior to making an appointment to view, prospective purchasers discuss any particular points likely to affect their interest in the property with one of our property consultants who have seen the property in order that you do not make a wasted journey.
How to make an Offer If you are interested in this property then it is important that you contact us at your earliest convenience.
We will require certain pieces of personal information from you in order to provide a professional service to you and our client.
The personal information you have provided to us may be shared with our client, the seller, but it will not be shared with any other third parties without your consent other than the stated reasons detailed within our privacy policy.
More information on how we hold and process your data is available on our website and you can opt-out at any time by simply contacting us.
For any offer, you wish to make we will need to establish certain details before negotiation can take place.
This is so that our vendor can make an informed choice when negotiating and accepting your offer. You will be asked to provide formal I.D.
and address verification, as required under the new Money Laundering Legislation.
Mortgage Advice You might also have one or two questions for us, such as which solicitor to choose, or which mortgage lender has the best offers available for me.
We have a one-stop shop to satisfy all of these needs so please ask. Budgeting correctly and choosing the right mortgage for a move is vital.
For independent mortgage and insurance, advice call our mortgage advisor on to arrange an appointment.
Energy Performance Certificate A copy of the full Energy Performance Certificate for this property is available upon request unless exempt.
Advisory Notes - Please be advised if you are considering purchasing a property for Buy To Let purposes, from 1st April 2018 without an EPC rated E or above it will not be possible to issue a new tenancy, or renew an existing tenancy agreement.
Agents Notes These particulars are for guidance only.
Lovelle Estate Agency, their clients and any joint agents give notice that:- They have no authority to give or make representation/warranties regarding the property, or comment on the SERVICES, TENURE, and RIGHT OF WAY of any property.
These particulars do not form part of any contract and must not be relied upon as statements or representations of fact. All measurements/areas are approximate.
The particulars including photographs and plans are for guidance only and are not necessarily comprehensive.
Anti Money Laundering Regulations Intending purchasers will be required to provide identifications documentations via our compliance provider, Moverly, at a cost of £10 per person.
This will need to be actioned at the offer stage and we would ask for your cooperation in order that there will be no delay in agreeing.
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.
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FAQ
About Ely Way, Skegness, PE25
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