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 house · PE24 5UZ
For saleListed 235 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Oxford Family Estates are pleased to bring onto the market this holiday chalet set on the popular Eastfields Holiday Park.
Close to the North Sea Observatory and cafe it makes for an ideal home from home on the east coast. With 2 bedrooms, bathroom, lounge and kitchenette, and the option to come furnished as seen.
Please see details regarding the lease below. Lounge / kitchenette Enter the chalet through the Upvc double glazed door into the lounge area.
Currently laid out with two double sofas, coffee table and TV cabinet. With upvc double glazed front. (Note: some panes have blown).
The kitchenette is fitted with a range of wall and base units in a gloss white with black worktops. With integrated electric fan oven and ceramic hob with extractor fitted above.
Integrated fridge with under counter freezer below. Stainless steel sink with mixer tap and drainage board. Currently equipped with a range of cutlery and crockery.
Bedroom 1 Main bedroom, currently laid out with a small double, single wardrobe and cupboards across the bed and a corner cabinet fitted. Upvc double glazed window to the front (blown).
Bedroom 2 Currently laid out with bunk beds, there is also a cupboard with sliding door housing the electric hot water tank and providing additional storage space.
Bathroom Panelled bath with Triton electric shower fitted above, with curtain. Pedestal sink and mirror cabinet above. Low level toilet. Fully tiled with obscure upvc double glazed window to the rear.
Outside This chalet is conveniently located right next to the car park for short easy access. External light and power sockets, with slabbed pathway to the front door.
Costs Ground Rent 01/04/2025 - 31/03/2026 - £96 + VAT Maintenance 01/01/2025 - 31/12/25 - £612.28 + VAT (Variable every year) Ground Rent increases every 7 years by 12.5%. Next increase 2027.
Leasehold 63 year lease from 1st April 1971. (Lease ends in 2034, and we are currently unable to advise whether the park will extend the leases or not).
Owners are to use and occupy the chalet for a holiday dwelling only. For use from 1st April to 31st October every year.
The site is closed during the winter months from 1st November to 31st March The owner has 28 day use during the winter closure months Chapel St Leonards Chapel St Leonards is a lovely sea-side village on the east coast nestled between the major resorts of Skegness and Mablethorpe.
It has a population of around 3,000 and is well known for its beautiful sandy beaches and long promenades.
During the summer months it benefits greatly from tourists creating a lovely vibrant atmosphere.
The village has a lot to offer with a wide range of shops including butchers, chemist, estate agents, co-op, Spar, cafes, restaurants and pubs.
There is a village hall with a full programme of regular activities, doctors surgery, two churches and a primary school.
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
FAQ
About St. Leonards Drive, Chapel St. Leonards, Skegness, PE24 5UZ
Explore nearby
