We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · PE25 2BH
For saleListed 261 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description **reduced for limited time only** An extensively refitted and refurbished ground floor apartment in this highly popular small purpose built development for the over 55's.
The apartment is ideal for a short walk to town to the shops, amenities and restaurants as well as Tower gardens and the sea front.
The home has a long hallway with ample storage space, two bedrooms plus an easy access re-fitted bathroom, a lounge and attractive re-fitted kitchen.
Benefits include modern slimline electric heaters, triple aspect views and uPVC double glazing plus a Fischer instant hot water system. Viewings are available now - call for your appointment.
Entrance Hall: , Having a UPVC double glazed entrance door with glazed inset, modern Dimplex wall mounted electric heater with timer control, smoke alarm, large built-in double cloaks/storage cupboard with hanging rail and shelf.
Walk-in storage/airing room with heated towel rail and shelving, space for tumble dryer and light.
Lounge: 4.37m x 2.97m (14'4" x 9'9") , Having a feature composite marble ornamental fireplace with space for electric fire and decorative stone fire surround and mantle, Dimplex wall mounted electric heater with time control, coving ceiling and ceiling light point.
Kitchen: 2.46m x 2.74m extending to 3.25m in recess (8'1" x 9' extending to 10'8 in recess) , Having a single drainer stainless steel sink unit and mixer tap set in rollers work surfaces extending to provide a range of oak/woodgrain fronted base cupboards and drawers under with matching range of wall mounted storage cupboards over, integrated electric oven with four ring ceramic hob and pull-out extractor hood over, space and plumbing for washing machine, space for fridge freezer, wall mounted Dimplex electric heater, tiled floor, tiled splash back to work surfaces, coving to ceiling and ceiling light point.
Bedroom One: 2.74m x 3.30m ext to 3.96m into recess (9' x 10'10" ext to 13' into recess) , Having a range of built-in wardrobes with hanging rails and shelving, wall mounted Dimplex electric heater with time control, coving to ceiling and ceiling light point.
Bedroom Two: 2.74m x 2.92m (9' x 9'7") inc wardrobes , (currently used as a dining room) Having a range of built-in wardrobes with hanging rails and shelving, wall mounted Dimplex electric heater with time control, coving to ceiling and ceiling light point.
Bathroom: 2.69m x 1.93m (8'10" x 6'4") , Being tiled with a refitted three-piece white bathroom suite comprising panelled bath with Bristan electric shower over, pedestal washbasin, close coupled WC, chrome heated towel rail, Dimplex wall mounted electric heater, extractor fan and ceiling light point.
Outside: , Outside, the property benefits from an adjacent small integral store (inc meter cupboard).
The property benefits from a small shrub bed under the lounge window as well as a small paved area to the side, set within communal gardens which extend to the front, side and rear.
Allocated parking available for a small fee per year (currently understood to be approx £24 per year) Buyers Information:-: , Sutton Court is a retirement development with any prospective buyers required to be of 55 years or older.
The tenure of the flat is understood to be leasehold with a lease of 999 years, commencing in June 1989.
The agents understand the ground rent and service/ maintenance charges to be £2146 per year (fixed until 31/3/2025), which includes:- Site manager 24 hour emergency contact Communal lounge & social activities Laundry Guest Rooms Garden/building maintenance
Value & comps
No previous sales on record.
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 asking
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
.png){kind=logo}
FAQ
About 13, Sutton Court, Skegness
Explore nearby
