2-bedroom flat · PE25 2RE
Let agreedListed 35 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Freshly decorated two-bedroom top floor flat, UPVC Double Glazed Windows throughout, Electric Storage Heating, Situated close to town centre, Off road parking available. Council Tax band A. Rating .
Deposit £865.38 If you would like to apply for this property, please complete and return the application form that can be found on our Willsons website under the Tenant Information tab.
Please note that we cannot arrange any viewings without an application form.
How To Apply - If you would like to apply to view this property, please complete and return the application form that can be found on our Willsons website on the property listing.
Please note that we cannot arrange any viewings without an application form. Viewing - Viewings are arranged between the hours of 9am - 5pm Monday to Friday.
Holding Deposit - If you wish to apply for the property once you have viewed, each individual is required to complete a Tenancy Proposal Form (bound by Ground 17 of the Housing Act 1988 as amended).
A holding fee of one weeks rent totalling to £173.07, must be paid at the start of referencing and is to be held whilst referencing is being completed.
This fee will be deducted from the first months rent upon successful completion of referencing.
Deposit - This property requires a deposit of 5 weeks' rent - totalling £865.38 The deposit will be held in a tenancy deposit protection scheme for the duration of the tenancy.
Accommodation - Two bedroom first floor flat located close to local amenities in the seaside town of Skegness. Access gained to the building through front or back door in the main block.
Entrance - 1.93 x 1.12 (6'3" x 3'8") - Front door, Coat hooks, Fuse box, Storage cupboard, Light, Sockets and switches Hallway - 0.98 x 4.33 (3'2" x 14'2") - Radiator, Intercom, Access to loft, Light, Sockets and switches.
Bedroom 1 - 3.64 x 1.56 (11'11" x 5'1") - Window with fitted curtains, Radiator, Aerial point, Light, Sockets and switches.
Bedroom 2 - 3.43 x 2.64 (11'3" x 8'7") - Window with fitted curtains, Radiator, Internet point, Light, Sockets and switches.
Bathroom - 1.78 x 1.89 (5'10" x 6'2") - Radiator, Extractor fan, Wall mounted mirror, Sink, Toilet, Bath with electric shower, Light, Pull cord.
Living Room - 2.73 x 4.36 (8'11" x 14'3") - Juliet Double doors with fitted curtains, Radiator, Aerial point, Telephone point, Light, Sockets and switches.
Kitchen - 2.06 x 2.72 (6'9" x 8'11") - Window with fitted blinds, Range of base and wall units, Sink, Integrated oven, Counter top hob, Overhead extractor fan, Built in fridge freezer, Washing machine, Light, Sockets and switches.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Winston Drive, Skegness
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