2-bedroom flat · PE25 3JH
Listing removedListed 965 days
Opportunity summary
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About
Detailed Description This ground floor flat is an ideal investment opportunity being less than a ten minute walk to talk and less than a fifteen minute walk to the seafront The property comprises of two bedrooms, lounge, kitchen, bathroom and separate WC, the front of the property is approached by a gravelled driveway.
The enclosed rear garden has a artificial grassed seating area as well as a large section of it being laid to lawn. Additional benefits include off road parking and gas central heating.
Viewings available now - by appointment only. Hall: Having linen storage cupboard, radiator and ceiling light point.
Lounge: 5.06m x 3.92m (16'7" x 12'10") , Having an exposed brick fireplace incorporating an open fire, television point, internet point, radiator, bay window and ceiling light point.
Kitchen: 3.66m x 2.95m (12'0" x 9'8") , Having stainless steel single drainer sink unit with mixer tap over set in work surfaces extending to provide a range of base cupboards and drawers under together with matching wall mounted storage cupboards over, space and plumbing for washing machine, space for cooker with stainless steel extractor hood over, space for fridge/freezer, tile splash backs, radiator, florescent strip light and uPVC door to rear garden.
Bedroom: 3.48m x 5.12m (11'5" x 16'10") , Having radiator, television point, ceiling light point and door leading to rear garden.
Bedroom Two/ Study: 3.07m x 2.20m (10'1" x 7'3") , Having television point and ceiling light point.
Bathroom: 2.28m x 1.80m (7'6" x 5'11") , Being a tiled two piece suite comprising of a panelled bath with hot and cold tap over and triton electric shower therein with shower screen, hand wash basin, cupboard housing Glow Worm combination boiler, radiator and ceiling light point.
Separate WC: Having close coupled WC, hand wash basin with mixer tap over, tile splash backs and ceiling light point.
Outside Front: The property is approached by a gravelled driveway with a garden path leading to the front door.
Rear: The rear garden has a fenced in artificial grassed seating area with raised flower beds. A large part of the garden is laid to lawn with a garden path leading to two sheds.
Value & comps
No previous sales on record.
Returns
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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 1, Beresford Close, Skegness
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