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See how verdicts work1-bedroom flat · PE25 2BH
Listing removedListed 393 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description A ground floor apartment in this highly popular small purpose built development for the over 55's.
The location is ideal - literally a few steps from Roman Bank and the town centre, with shops, amenities and restaurants as well as Tower gardens and the sea front.
The home has a hallway with storage space, one bedroom plus bathroom, a lounge and fitted kitchen. Benefits include electric heating, and uPVC double glazing.
With No upward Viewings are available now - call for your appointment.
Entrance Hall: With a uPVC double glazed entrance door, electric storage heater, built in cloaks cupboard, built in airing cupboard housing hot water cylinder.
Kitchen: 3.25m x 2.44m (10'8" x 8') , Having a stainless steel sink unit set in work-surfaces extending to provide a range of fitted base cupboards and drawers under together with matching wall mounted storage cupboards over, tiled splash-backs to worksurfaces, space for electric cooker, space for fridge, wall mounted electric heater.
Lounge: 4.34m x 2.97m (14'3" x 9'9") , With a wall mounted electric heater.
Bedroom One: 4.04m x 2.69m (13'3" x 8'10") , Having a range of fitted wardrobes and cupboards surrounding the bed space, built in double wardrobe, wall mounted electric heater.
Shower/Wet Room: 2.69m x 1.70m (8'10" x 5'7") , Having a splash panelled and sealed floor shower area with electric shower, pedestal wash basin, close coupled wc, electric radiator with towel rail, extractor fan, wall mounted electric heater.
Outside: Outside, the property benefits from an adjacent small integral store (inc meter cupboard). The property benefits from communal gardens which extend to the front, side and rear.
Allocated parking available for a small fee per year (currently understood to be approx £24 per year) Buyers Notes:-: Sutton Court is a retirement development with any prospective buyers required to be of 55 years or older.
The tenure of the flat is understood to be leasehold with a lease of 999 years, commencing 1/6/1989.
The agents understand the ground rent and service/ maintenance charges to be Ground Rent - £162 per year.
Service charge £2,300 per year, which includes:- Site manager 24 hour emergency contact Communal lounge & social activities Laundry Guest Rooms Garden/building maintenance
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
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FAQ
About 16, Sutton Court, Skegness
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