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See how verdicts work2-bedroom flat · PE25 1GU
For saleListed 3 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No onward chain. A good size first floor apartment in the popular Lumley Fields area of Skegness just a short walk to the local shops, schools and doctors.
The accommodation comprises hallway with intercom entry system, a spacious open plan kitchen and living area, two double bedrooms and a modern bathroom.
There are communal parking areas to the rear of the block for which this apartment has one allocated parking space. There is also the benefit of a communal covered cycle store.
This well presented property is an ideal by to let or those seeking their first home. EPC Rating B. EPC Rating: B COMMUNAL ENTRANCE Located at the rear of the block via the communal car park.
With intercom entry system, stairs to first floor. APARTMENT 8 HALLWAY With intercom entry handset, electric storage heater, built in cupboard housing the hot water heater.
OPEN PLAN LIVING ROOM & KITCHEN 5.52m x 6.0m maximum dimensions, being shaped. With 2 pvc windows, 2 electric storage heaters.
The kitchen area is fitted with base and wall units, worksurfaces with tiled splashbacks, inset 1 1/2 bowl stainless steel sink unit with mixer tap over, built in oven with electric hob and extractor hood above, space and plumbing for washing machine, space for fridge freezer.
BEDROOM 1 3.78m x 6.11m maximum dimensions, being shaped. With 2 pvc windows, electric storage heater.
BEDROOM 2 2.83m x 4.49m With pvc window, electric storage heater.
BATHROOM 1.74m x 2.72m With panelled bath with tiled surround, direct shower and screen over, pedestal hand basin with tiled splashback, W.C, electric towel radiator.
OUTSIDE To the rear of the block is a communal car park with allocated parking for 1 vehicle. There is also a covered cycle store and bin compound.
TENURE Leasehold for a term of 125 years from 1/1/2012 with a current ground rent and service charge of £1,155.24 p.a.
SERVICES The property has mains electricity, water and drainage connected. Heating is via electric storage heaters.
The agents have not inspected or tested any of the services or service installations and purchasers should rely on their own survey.
VIEWING By prior appointment with Newton Fallowell office in Skegness and accompanied by their personnel.
COUNCIL TAX Charging Authority – East Lindsey District Council Band A - 2026/27 - £ 1546.45 ANTI-MONEY LAUNDERING REGULATIONS We are required by law to conduct anti-money laundering checks on all those selling or buying a property.
Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy.
There is a charge for these checks of £72 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required.
This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable.
We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.
AGENTS NOTES These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither Newton Fallowell nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
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 Belton Park Road, Skegness, PE25
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