We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work4-bedroom detached house · PE25 3JY
Listing removedListed 246 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Being Sold via Secure Sale online bidding. Terms & Conditions apply. Located in a convenient area, close to the beach & amenities!
This detached house has been divided into three flats and is currently arranged as follows; communal entrance hall, stairs lead to the first floor where there are two one bedroom flats (both with kitchen, lounge, bedroom and en-suite shower room) and a large ground floor flat with kitchen-diner, lounge, dining room, bathroom and two double bedrooms.
The building has shared services; gas central heating from one boiler located in the ground floor flat and one water and electric feed.
Currently rented out with their gas, water and electric bills included. The property has off road car parking to the front for three cars and gated access leads to a good size enclosed rear garden.
Great location as the property is only 500 metres from the golden sandy beach and 600 metres to the town centre and supermarkets, bus and train station only a mile away!
Tenure: Freehold Communal Porch Entered via a UPVC door, UPVC door to; Communal Hall Stairs to the first floor flats, leaded and stained glass window fire alarm, door to; Flat Three (Ground Floor) Hall With radiator, doors to bedroom one, dining room and; Kitchen-Diner 16'0" x 9'3" (4.88m x 2.82m) With UPVC window to the side aspect, sliding patio doors to the rear garden, radiator, fitted with a range of base and wall cupboards, fitted breakfast table, work surfaces over, stainless steel sink, space for electric cooker, space for washing machine, space for tumble dryer, space for fridge freezer, Viessman central heating boiler fitted in 2021, understairs storage cupboard also housing electric and gas meters and fuse board, fitted shelving, UPVC window to the side aspect.
Bedroom One 14'2" x 12'5" (4.32m x 3.78m) With UPVC bay window to the front aspect, radiator, free standing wardrobe and matching frame/bedside tables, two fitted cupboards in chimney recess.
Dining Room 12'8" x 9'8" (3.86m x 2.95m) With radiator, door to inner hall, open to lounge.
Inner Hall Doors to; Bathroom 9'0" x 7'9" (2.74m x 2.36m) With radiator, pedestal wash hand basin, low level WC, panelled bath with electric shower over, extractor fan.
Bedroom Two 15'2" x 9'1" (4.62m x 2.77m) With UPVC window to the front aspect, radiator, fitted wardrobe.
Lounge 19'5" x 9'8" (5.92m x 2.95m) With UPVC window and door to the rear garden, radiator, brick fireplace with space for electric fire.
Flat One (first floor, front) From the communal hall stairs lead to the communal landing with doors to flat 2 and; Hall Hallway with doors to lounge and; Kitchen 8'6" x 8'3" (2.59m x 2.51m) With UPVC window to the front aspect, radiator, fitted with base and wall cupboards with worktops over, stainless steel sink, space for electric cooker, space for washing machine, space for under counter fridge and freezer.
Lounge 14'10" x 10'10" (4.52m x 3.3m) With UPVC bay window to the front aspect, door to; Bedroom 16'0" x 10'0" (4.88m x 3.05m) With UPVC window to the front aspect, radiator, door to; Ensuite 5'5" x 3'7" (1.65m x 1.09m) Fitted with a low level WC, wash hand basin, shower cubicle with electric shower.
Flat Two (rear, first floor) Hall With space for tall fridge freezer, door to; Lounge 10'0" x 9'8" (3.05m x 2.95m) With UPVC window to the rear aspect, doors to inner hall and; Bedroom 8'10" x 8'9" (2.69m x 2.67m) With UPVC window to the rear aspect, radiator, door to; Ensuite With wash hand basin inset to vanity unit, shower cubicle with electric shower.
Inner Hall Loft access, doors to; WC With UPVC window to the side aspect, low level WC.
Kitchen 9'0" x 6'7" (2.74m x 2.01m) With UPVC window to the rear aspect, fitted with base and wall cupboards with worktops over, stainless steel sink, freestanding electric cooker, space for washing machine.
Outside To the front is off road car parking for three cars.
To the rear the garden is laid to patio and lawn with plants, shrubs and trees, green house, two sheds, enclosed by fencing with gated access to the side.
Services The property has gas central heating, mains water, sewerage and electricity. We have not tested any heating systems, fixtures, appliances or services.
Lovelle Estate Agency and our partners provide a range of services to buyers, although you are free to use an alternative provider.
If you require a solicitor to handle your purchase and/or sale, we can refer you to one of the panel solicitors we use. We may receive a fee if you use their services.
If you need help arranging finance, we can refer you to the Mortgage Advice Bureau who are in-house. We may receive a fee if you use their services.
Location Great location as the property is only 500 metres from the golden sandy beach and 600 metres to the town centre and supermarkets, bus and train station only a mile away!
Council Tax Band: A Tenure: Freehold Auctioneers Additional Comments Pattinson Auction are referred to below as The Auctioneer.
This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer.
The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure aml procedures are carried out in accordance with the law Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.
The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change.
An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers obligations and sellers commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.
The deposit will form part of the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.
Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.
There is no requirement or obligation to use any recommended suppliers or services.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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
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FAQ
About 19, Firbeck Avenue, Skegness
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