2-bedroom flat · PE25 3EQ
Listing removedListed 166 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Freshly decorated two-bedroom First floor flat, uPVC Double Glazed Windows throughout, Electric Storage Heating, Situated close to town centre, Off road parking available. Water included in rent.
Council Tax band A. EPC Rating D. Deposit £692.30.
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 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. 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 £138.46, 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 £692.30 The deposit will be held in a tenancy deposit protection scheme for the duration of the tenancy.
Accommodation - Two bedroom ground floor flat located close to local amenities in the seaside town of Skegness. Access gained to the building through front door behind located behind block.
Entrance - Front door, Window with fitted blinds, Wall mounted cupboard, Wall Hooks, Fuse box, Light, Switch.
Kitchen - 3.53 x 3.62 (11'6" x 11'10") - Window with fitted blind, Electric storage heater, Range of base and wall units, Stainless steel sink, Space and plumbing for washing machine, Extractor, Airing cupboard with water tank, Cupboard, Tv and internet port, Aerial port, Light, Sockets and switches.
Hallway - 2.99 x 0.87 (9'9" x 2'10") - Access to loft, Switch, Light.
Bathroom - 1.14 x 2.99 (3'8" x 9'9") - Toilet, Pedestal sink, Bath and Electric shower, Towel rail, Extractor fan, Light, Light pull cord.
Bedroom 1 - 2.43 x 4.45 (7'11" x 14'7") - Window with fitted blinds, Electric storage heater, Internet point, Aerial, Light, Sockets and switches.
Bedroom 2 - 2.19 x 2.99 (7'2" x 9'9") - Window with fitted blinds, Electric storage heating, Tv aerial, Light fitting, Sockets and switches.
Services - Electric heating throughout, Water mains, EPC D, Council Tax A.
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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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 90 Drummond Road, Skegness
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