# 3 bedroom semi-detached house for sale (PE24 4AG) ## Property Details | Key | Value | |-----|-------| | Address | THE MENDED DRUM, DOVECOTE FARM, SKEGNESS, WAINFLEET ST MARY, LINCOLNSHIRE PE24 4AG | | Price | £190,000 | | Bedrooms | 3 | | Bathrooms | 1 | | Council tax | A | | Last sold | £185,000 Jan 2026 | ## Description A well presented semi detached family home set in a rural location with stunning views over open fields. The home offers a very spacious open plan family kitchen/diner, a lounge, snug (or dining room), utility, shower room, separate wc and THREE DOUBLE BEDROOMS. The outside of the property benefits from a driveway/off road parking to the side offering parking for up to three cars with a lawned front garden and beautifully laid, low maintenance paved patio/rear garden with views over open countryside. Additional benefits include oil central heating and uPVC double glazing. Viewing are available now - by appointment only. **Main Entrance Door: **, Leads To: **Dining Kitchen: **6.86m x 4.57m (22'6" x 15') max 'L' shape dimensions, A family sized dining kitchen with a one and a half bowl ceramic sink unit set in work-surfaces extending to provide an excellent range of fitted base and wall cupboards. Inset induction hob with extractor over with further integrated appliances including oven and microwave/combi oven, double fridge & double freezer + integrated dishwasher, two radiators, inset ceiling spot lights, ceiling light point and uPVC double glazed entrance door. **Utility Nook: **, With space and plumbing for washing machine and tumble dryer, consumer unit and ceiling light point. **Shower Room: **, Having been re-fitted with a three piece suite comprising shower cubicle with mixer shower therein set in marble style boarding, hand wash basin set in toiletry cupboards and drawers, close coupled wc with concealed cistern, heated towel rail and ceiling light point. **Separate WC: **, With a wc and hand basin **Lounge: **4.57m x 3.51m (15' x 11'6"), Having a feature recessed fireplace and hearth incorporating a cast iron wood/multi burner, radiator, ceiling light point and uPVC double glazed sliding door lead out to the patio with stunning views over open fields. **Dining Room/Snug: **3.96m x 2.74m (13' x 9'), With a radiator, ceiling light point and connecting door to: **Rear Porch/Inner Hallway: **, With stairs leading off **Stairs & Landing: ** **Bedroom One: **5.33m max into recess x 3.05m maximum (17'6" x 10'), Having a built in linen cupboard, velux window radiator and ceiling light point. **Bedroom Two: **3.96m x 2.87m (13' x 9'5"), With a radiator and ceiling light point. **Bedroom Three: **2.21m ext to 2.44m x 3.89m (7'3" ext to 8' x 12'9"), Having radiator and ceiling light point. **Outside: ** **Front: **, The property is initially approached over a farm track which leads to a private driveway/parking area for three cars with a front garden. The front garden has been mainly lawned for ease of maintenance with several bushes and shrubs set thereto. LARGE WORKSHOP/STORE Access is gained around the side of the property to the rear. **Rear: **, The rear garden has been laid to a large, low maintenance paved patio area, enclosed by fencing. Open views extend for miles, over fields to the rear. **Buyers Notes: **, The agents understand that the property benefits from a septic tank/biofilter waste disposal system which meets the current guidelines and regulations but prospective buyers should satisfy themselves prior to purchase through their conveyancer. Also it should be noted that access to the property is gained over a small country lane and what the agents believe to be a private road over which a right of way/access exists for this property. The agents understand that the water rates are part of the whole farm and adjacent properties and as such payment is divided individually for each property. As a guide only - the current yearly water payment is approx £200 (this is not a fixed figure nor a quote - just a loose guide for a potential buyer but as always, any interested party should seek clarification prior to purchase. **Sellers Thoughts:-: **, "This is a fantastic family home, we have raised 3 children very happily here. Quiet, peaceful, great walks for dogs and safe for cats. Its a warm and cosy house, yet spacious, we'll be sad to leave!" ## Property Photos - ![front](/listings/photos/157897262/722876) - front - ![Rear](/listings/photos/157897262/722877) - Rear - ![Kitchen/Diner](/listings/photos/157897262/722878) - Kitchen/Diner - ![Kitchen/Diner](/listings/photos/157897262/722879) - Kitchen/Diner - ![Kitchen/Diner](/listings/photos/157897262/722880) - Kitchen/Diner - ![Utility/ShowerRoom/WC](/listings/photos/157897262/722881) - Utility/ShowerRoom/WC - ![Shower Room](/listings/photos/157897262/722882) - Shower Room - ![Lounge](/listings/photos/157897262/722883) - Lounge - ![Snug](/listings/photos/157897262/722884) - Snug - ![Lounge](/listings/photos/157897262/722885) - Lounge - ![Bedroom One](/listings/photos/157897262/722886) - Bedroom One - ![Bedroom One](/listings/photos/157897262/722887) - Bedroom One - ![Bedroom Two](/listings/photos/157897262/722888) - Bedroom Two - ![Bedroom Three](/listings/photos/157897262/722889) - Bedroom Three - ![Rear](/listings/photos/157897262/722890) - Rear - ![front](/listings/photos/157897262/722891) - front ## Floorplans - ![Floor Plan 2](/listings/photos/157897262/722892) - Floor Plan 2 ## EPC Graphs - ![EPC](/listings/photos/157897262/722893) - EPC - ![EPC](/listings/photos/157897262/722894) - EPC ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | DOVECOTE FARM THE MENDED DRUM, WAINFLEET ST MARY, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 4AG | £185,000 | 29/01/2026 | Detached | | DOVECOTE FARM THE MENDED DRUM, WAINFLEET ST MARY, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 4AG | £49,000 | 30/05/2001 | Detached | | DOVECOTE FARM THE MENDED DRUM, WAINFLEET ST MARY, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 4AG | £41,500 | 27/09/2000 | Detached | | DOVECOTE FARM THE MENDED DRUM, WAINFLEET ST MARY, SKEGNESS, EAST LINDSEY, LINCOLNSHIRE, PE24 4AG | £25,000 | 26/06/1997 | Detached | ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £163,273 (11 Semi-detached, PE24, 2024–2026) - **Deviation:** +16.4% ## Rental Range *ONS Price Index of Private Rents (East Lindsey). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £625/mo - **Realistic:** £694/mo - **Optimistic:** £763/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Wolds and Coast (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £598/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 3 Bed Semi-Detached House, Carr Lane, PE24 | £1,000/mo | 3 | 0.35 miles | OpenRent | | 3 Bed Semi-Detached House, High Street, PE24 | £1,000/mo | 3 | 0.39 miles | OpenRent | **Average rent: £1,000/mo (2 listings)** ## 1% Rule - **Rent ratio:** 0.53% (weak for cashflow) - **Max investor price (0.8%):** £125,000 - **Target investor price (1%):** £100,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £1,000/mo).* - **Gross yield:** 6.3% - **Cost-to-rent:** 15.8× - **Monthly cashflow:** £127/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 2.8% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 19.7% - **10y growth:** 43% ## House Price Index (HM Land Registry) *Official index for East Lindsey; Semi-detached series; as of March 2026.* - **1y growth (index):** 1.2% - **5y growth (index):** 20.1% - **10y growth (index):** 51.5% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)