3-bed maisonette + 3 × 1-bed flat · PE25 1BL
For saleReduced £80k (−14.5%) on 9 JulListed 1236 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description A large, superbly positioned versatile property offering an excellent investment opportunity.
It consists of a main block containing three 1 bedroom apartments + a 3 bedroom maisonette and a separate adjacent detached cottage with its own courtyard.
Each flat/apartment is independent and has its own heating & services and all are double glazed.
Outside there are low maintenance, stone chipped gardens/parking as well as a block paved driveway/off road parking for the cottage.
The property has overall been improved, upgraded and very well maintained throughout - meeting all current regulations.
All the properties are currently occupied on assured shorthold tenancies making this an exceptional investment, with the potential/added options for holiday let/AirBnB (subject to relevant planning) .
The location is ideal - a few steps from the sea front & beach as well as North Shore golf course & hotel, with the town centre, shops, amenities and amusements only around 25 mins walk away.
The current gross yield equates to approx 6%.
Detached Cottage/Bungalow: , Consists of: Lounge/Kitchen Double Bedroom Bathroom Outside, private courtyard & driveway Gas central heating & uPVC double glazing Main Building: , Consists of:- 2 ground floor apartments - with Kitchen/Lounge Bedroom Bath/shower room 1 First Floor apartment - with Kitchen Lounge Bedroom Bath/shower room 1 spacious maisonette arranged over the first & second floor :- with Kitchen/Dining/Lounge Cloakroom/wc & 1 Bedroom all on the first floor with 2 further bedrooms on the second floor All apartments have electric heating & double glazing Outside: , The property is surrounded by low maintenance slate chipped gardens with space for off road parking.
There is also a block paved driveway/off road parking in front of the cottage.
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
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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.
Area
Agent & docs
FAQ
About 83, Park Avenue, Skegness
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