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See how verdicts work4-bedroom flat · DN35 8QL
For saleListed 5 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An Exceptional Coastal Investment on Kingsway, Cleethorpes A rare collection of luxury coastal apartments, where elegant accommodation meets an outstanding investment opportunity.
We are delighted to present this exceptional opportunity to acquire a beautifully appointed collection of four luxury, self-contained one-bedroom apartments, enviably positioned on Kingsway in the heart of Cleethorpes.
Combining an attractive coastal setting with refined interiors and contemporary comforts, these individually accessed apartments offer a sophisticated and welcoming retreat, thoughtfully suited to guests seeking a memorable seaside escape.
Enhanced by attractive sea views and presented to a high standard throughout, the property captures the enduring appeal of coastal living while offering the comfort, privacy and independence of premium self-contained accommodation.
Every element contributes to an inviting home-from-home experience, creating an appealing proposition for visitors wishing to enjoy the charm of this much-loved seaside destination.
Beyond its lifestyle appeal, the property represents a compelling commercial opportunity, with four individual apartments offering versatility, established holiday letting credentials and scope for future growth.
Offered fully furnished, with furniture, fixtures, fittings and chattels included, this distinctive offering provides an incoming purchaser with the opportunity to acquire an established holiday accommodation business in one of the East Coast’s most cherished coastal resorts.
An exceptional combination of location, quality and commercial potential, presenting a rare opportunity to own a distinctive piece of the Cleethorpes coastline.
The Allure Of Cleethorpes - A vibrant and much-loved coastal resort, Cleethorpes is renowned for its sweeping sandy beaches, traditional seaside charm and lively promenade.
From leisurely shoreline walks and spectacular sunsets across the Humber Estuary to independent cafés, welcoming restaurants and traditional seaside favourites, the town offers something for every visitor.
The picturesque boating lake, landscaped gardens, pier and bustling town centre add to its enduring appeal, while the surrounding Lincolnshire coastline provides further opportunities to explore and unwind.
Well connected by road and rail, Cleethorpes attracts visitors throughout the year, making it an appealing destination for romantic weekend escapes, family holidays and longer coastal stays.
A Distinctive Collection Of Luxury Apartments - The four individually accessed apartments offer guests privacy, independence and the comfort of a welcoming home-from-home environment.
Carefully presented and thoughtfully furnished, the accommodation provides an inviting retreat after a day spent exploring the coast, enjoying the local attractions or simply relaxing by the sea.
Each apartment benefits from its own boiler and separate utility supplies, providing practical independence, while a dedicated laundry room adds further convenience to the day-to-day management of the accommodation.
The combination of quality interiors, individual access and useful operational facilities creates an attractive proposition for both guests and prospective owners.
The ground-floor apartment, currently occupied by the vendor, presents an opportunity for an incoming purchaser to consider expanding the existing holiday letting operation to incorporate all four units, subject to any relevant requirements.
This flexibility adds further appeal for buyers looking to develop the business and make the most of the property's full potential.
An Established Business With Income Potential - Offered for sale as a going concern, this attractive investment benefits from an established booking history and forward reservations already in place.
Flats 1, 2 and 3 have generated approximately £60,000 in income over the last 12 months through Booking.com, Airbnb and direct bookings, with confirmed reservations for the next 12 months currently totalling approximately £30,000.
Based on comparable occupancy across all four apartments, the vendor estimates potential annual income of approximately £80,000.
Further growth may be achievable through additional marketing, an enhanced social media presence, repeat bookings and the development of direct booking opportunities.
Actual income will depend on occupancy levels, achievable rates, seasonality and operating costs.
The sale includes the furniture, fixtures, fittings and chattels, together with forward reservations, subject to the relevant booking arrangements.
This provides an incoming purchaser with an attractive starting point, combining an established trading history with the opportunity to build upon the existing business.
Final financial figures can be confirmed by the vendor’s accountant following buyer vetting and confirmation of serious interest.
Further Scope And Opportunity - Beyond its established booking profile, the property offers scope for a new owner to refine and develop the existing operation.
A coordinated marketing strategy, professional photography, considered seasonal pricing and a stronger direct-booking presence could help enhance visibility and encourage repeat business.
With four self-contained apartments in a popular coastal location, the property offers flexibility for an owner seeking to take an active role in hospitality or explore suitable management arrangements.
The existing furnishings, practical facilities and established booking channels provide a useful foundation from which to build.
An Exceptional Coastal Proposition - Combining an enviable Cleethorpes location, attractive sea views, quality-furnished accommodation and an established holiday letting business, this is a compelling opportunity to acquire a distinctive coastal investment with both immediate appeal and longer-term possibilities.
Whether continuing the existing operation or exploring ways to enhance the guest experience and develop the business further, the property offers a rare combination of lifestyle appeal, established income and commercial potential.
A unique opportunity to secure four luxury coastal apartments in a sought-after seaside setting, with an established business and exciting scope for the future.
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
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FAQ
About Kingsway, Cleethorpes
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