3-bedroom terraced house
For saleListed 3 daysAuction 3 Nov · in 11 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by Under The Hammer online auction on Wednesday 4th November 2026. Head over to our website to download the legal pack, register to bid and see more information.
A Freehold 3 Bedroom Terraced House situated on Cross Street, close to Skegness town centre, offered with a tenant in situ and providing an income producing investment opportunity for buy-to-let investors.
The accommodation is arranged over three floors, including a room in the roof, with living accommodation to the ground floor and bedrooms to the upper floors.
The property is currently let producing £750 pcm (£9,000 per annum). Please refer to the legal pack for full tenancy information.
Cross Street lies close to Lincoln Road (B1528), around 0.2 miles from Skegness railway station, with Morrisons and Lidl supermarkets within a short walk.
Skegness Grammar School, Skegness Infant Academy and Skegness Junior Academy are all within about 0.4 miles, and the town centre shops and seafront are within about a mile.
The A158 provides road links towards Horncastle and Lincoln, and trains run from Skegness to Nottingham via Boston and Grantham. Here's what to do next Visit - Our website and view the auction terms.
View - Book a viewing directly through our website. Register - Get registered prior to the auction opening date. Legal Pack - Download and view the legal pack to find out all the relevant information.
Prior Auction Offer - Want it now? Submit a prior auction offer through our website. All offer's go direct to the seller.
Bidding - Everything is completed online through the website and the intuitive bidding controls.
If you would like your property to go into our next auction then contact our auction experts on or submit a valuation on our website
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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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 15 Cross Street, Skegness
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