1-bedroom flat · PE25 2BF
Sold STCListed 56 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious ground floor apartment on a popular estate close to local shops, schools and the doctors surgery.
The accommodation comprises entrance hall with built in storage, 24ft open plan kitchen and living area, large double bedroom with walk in wardrobe and a bathroom.
The property benefits from electric heating, 2 solar panels and allocated parking within a communal area. EPC Rating C.
ACCOMMODATION With intercom entry system to the communal Hallway and rear door to the car park. HALL With intercom entry system.
STORE With light, electric fuses, hot water cylinder. BATHROOM 2.03m x 2.13m With bath with shower over, W.C, hand basin, opaque pvc window, extractor, vertical towel radiator.
BEDROOM 3.45m x 4.04m With pvc window, electric panel heater. WALK IN WARDROBE 2.18m x 1.4m With light.
LIVING ROOM & KITCHEN 3.78m x 7.54m With walk in bay window to the front elevation, further windows to the front and rear elevations, electric panel heaters.
The kitchen is fitted with base and wall units, worksurfaces with tiled splashbacks, 1 1/4 bowl sink unit, built under oven with electric hob and extractor hood above, spaces for appliances, breakfast bar seating area.
OUTSIDE There is 1 allocated car parking space and space for bins to the communal areas.
TENURE Leasehold for a term of 125 years from 2017 at an annual ground rent and service charge of approx £1,206 to include cleaning of communal areas, buildings insurance, window cleaning etc.
SERVICES The property has mains electricity, water and drainage connected. Heating is via electric panel heaters.
The agents have not inspected or tested any of the services or service installations and purchasers should rely on their own survey.
VIEWING By prior appointment with Newton Fallowell office in Skegness.
COUNCIL TAX Charging Authority – East Lindsey District Council Band A - 2026/27 - £1,546.45 ANTI-MONEY LAUNDERING REGULATIONS We are required by law to conduct anti-money laundering checks on all those selling or buying a property.
Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy.
There is a charge for these checks of £72 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required.
This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable.
We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.
AGENTS NOTES These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither Newton Fallowell nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
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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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 Braceby Road, Skegness, PE25
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