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See how verdicts work1-bedroom flat · PE25 3HW
For saleListed 3 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the South Parade of the coastal resort of Skegness stands this beautiful period building of which the flat is located within.
Having the benefits of gas central heating, uPVC windows, off road parking to the rear of the property and sold with no onward chain.
Front Of Property - Having a block paved area to the front of the property and accessed via a small flight of stairs to the main entrance leading to the; Communal Entrance Hall - Accessed via the main entrance door having intercom system for visitors, tiled ornate flooring and door leading to the; Hallway - With carpeted flooring, under stairs storage cupboard and access to the rear of the property.
Lounge - 18' 4'' x 13' 1'' (5.58m x 3.98m) - With carpeted flooring, decorative fireplace with wooden surround and large bay window to the front of the property.
Kitchen - 14' 11'' x 5' 10'' (4.54m x 1.78m) - With a range of base and wall units, tiled splashbacks, stainless steel sink with mixer taps, space for cooker, space and plumbing for a washing machine, extractor hood, ceiling extractor fan, tiled flooring and an interior framed opening to the lounge.
Bedroom - 13' 11'' x 7' 7'' (4.24m x 2.31m) - With built in double cupboard housing a wall mounted gas boiler, carpeted flooring and window to the rear of the property.
Shower Room - 8' x 4' (2.44m x 1.22m) - Having enclosed shower cubicle with direct feed shower over, WC, sink, tiled flooring and part tiled walls, extractor fan and window to the side of the property.
Rear Of Property - Having the benefit of an allocated block paved parking space to the rear of the property accessed via Drummond Road.
Energy Performance Certificate - The property has an energy rating of 'D'.
The full report is available from the agents or by visiting Reference Number: 2348-2081-6289-5231-4900 Services - We understand that mains electricity, gas, water and drainage are connected to the property.
Tenure & Posession - The lease for the property is 125 Years from 1st July 2004.
We are informed the service charges and ground rent per half annum in 2026 is £930.00 Local Authority - Council Tax Band 'A' for each property, payable to Local Authority: East Lindsey District Council, The Hub, Mareham Road, Horncastle, Lincs, LN9 6PH.
Tel: . Viewings - Viewing is strictly by appointment with the Skegness office at the address shown below. What 3 Words - ///sand.print.wedge
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 South Parade, Skegness
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