2-bedroom flat · PE25 3DA
For saleListed 133 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO CHAIN. A first floor Freehold 2 Bedroom Flat in a great location convenient for Seacroft Golf Course, the beach and local shops.
The accommodation comprises a private entrance with staircase to the first floor, 15' Lounge, Kitchen, 2 double Bedrooms and a Bathroom.
EPC Rating G EPC Rating: G ACCOMMODATION Entrance is on the side elevation via a pvc door to the:- ENTRANCE LOBBY With stairs to first floor.
FIRST FLOOR LANDING With window to the rear elevation.
KITCHEN 2.27m x 2.41m With built in cupboard, base unit with inset stainless steel sink, electric cooker point, part tiled walls, pvc window to the side elevation.
LIVING ROOM 3.84m x 4.67m With pvc windows to the front and side elevations.
BEDROOM 1 3.55m x 3.57m With walk in pvc bay window to the front elevation, radiator, built in wardrobe.
BEDROOM 2 2.77m x 3.02m With pvc window to the rear elevation, built in cupboard housing the hot water tank, access to roof space.
BATHROOM 1.92m x 2.18m With a panelled bath with shower attachment over, pedestal hand basin, W.C, tiled splashbacks, opaque pvc window to the side elevation.
OUTSIDE The property enjoys a right of way over the drive to give access to the front door. TENURE The Freehold of the whole of 165 is owned by the first floor flat.
The ground floor flat pays a peppercorn ground rent. The agents await a copy of their lease to confirm boundaries, rights of way and shared maintenance costs.
SERVICES The property has mains electricity, water and drainage connected. We understand gas is available to the property. The flat has no central heating system in place.
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 and accompanied by their personnel.
COUNCIL TAX Charging Authority – East Lindsey District Council Band A - 2024/25 - £1,442.67 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 IS £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 Drummond Road, Skegness, PE25
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