2-bedroom flat · PE25 2TY
Sold STCListed 260 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A completely self contained ground floor flat in a great location in Skegness - just a few yards from North Parade, the beach and sea front.
The flat offers a large lounge with small kitchen & pantry as well as a hallway, bathroom, and two bedrooms. Benefits include uPVC double glazing and some electric storage heaters.
Outside there is a communal front garden and private parking space in the rear courtyard + GARAGE. There is no upward chain to worry about making it available for a quick sale if required.
Side Entrance Hall: Having a UPVC double glazed entrance door, electric night storage heater, built-in cloaks/storage cupboard, smoke alarm.
Lounge: 4.88m x 4.17m (16' x 13'8") max , Having a decorative fireplace and fire surround with built-in cupboards and cabinets to recess, electric night storage heater.
Walk in PANTRY/STORAGE CUPBOARD with shelving.
Kitchen: 2.06m x 2.13m (6'9" x 7') max width , Having a single drainer sink unit with cupboards under and wall mounted cupboard above, space and plumbing for washing machine, cooker with gas point.
Bedroom One: 3.66m x 3.07m (12' x 10'1") Bedroom Two: 3.96m x 3.05m (13' x 10') , Having a decorative fire surround, built-in storage cupboards with shelving.
Bathroom: 2.03m x 1.83m (6'8" x 6') , Being half tiled with a three-piece white suite comprising panelled bath set in tiled splash around with electric shower over, pedestal wash basin with tiled splashbacks, close coupled WC and ceiling light point.
Outside: Front: To the front of the property is a predominantly paved low maintenance frontage with several plants shrubs and bushes set there to.
A gated front entrance leads over a concrete driveway to the parking area at the rear.
Please note at this time the agents don't have full information as to rights of usage and access for the driveway front garden and rear courtyard.
Rear: The rear courtyard is understood to be shared with a communal parking area which the agents understand provides for a parking space for this flat.
Garage: It is understood from the seller of the property that the garage belongs to this flat. We await the full details of the lease for clarification.
Buyers Notes:: Please note that the tenure of the property is Leasehold. The lease is understood to have commenced 15th April 1973 for a period of 99 years.
Further details of the lease and service charges will follow once available
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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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 Castleton Boulevard, Skegness, PE25
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