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See how verdicts work6-bedroom flat · PE25 2TS
For saleListed 81 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent investment opportunity comprising six self-contained one-bedroom flats, all currently let on Assured Shorthold Tenancies (ASTs), generating a gross annual rental income of approximately £40,000.
Occupying a convenient position within easy reach of Skegness town centre, the property is well placed for local amenities, transport links and the seafront, making it a consistently attractive proposition for tenants.
The accommodation is arranged over three floors and comprises six well-proportioned one-bedroom flats, each benefiting from its own lounge, kitchen/dining room, bathroom facilities and individual gas-fired central heating boiler.
Externally, the property enjoys ample off-road parking together with two detached garages to the rear, offering useful storage or potential for additional rental income, subject to any necessary consents.
Providing an established income from day one, this represents a rare opportunity to acquire a substantial, fully let investment in a popular coastal location with scope for continued long-term rental returns.
Agent's Note: The property is fully let on Assured Shorthold Tenancies (ASTs) and currently generates a gross annual rental income of approximately £40,000.
A tenancy schedule is available upon request.
Ground Floor Flat 1 Entrance Hall 1 Lounge 1 5.39m x 3.65m - 17'8” x 11'12” Kitchen/Dining Room 1 3.05m x 4.24m - 10'0” x 13'11” Bedroom 1 4.64m x 2.74m - 15'3” x 8'12” Bathroom 1 1.98m x 2.5m - 6'6” x 8'2” Ground Floor Flat 1A Kitchen 1A 2.4m x 2.5m - 7'10” x 8'2” Lounge 1A 2.37m x 5.81m - 7'9” x 19'1” Bedroom 1A 3.84m x 4.3m - 12'7” x 14'1” En-Suite 1A 2.24m x 1.51m - 7'4” x 4'11” First Floor Landing First Floor Flat 2 Hall 2 Kitchen/Dining Room 2 5.03m x 2.73m - 16'6” x 8'11” Bedroom 2 3.49m x 2.73m - 11'5” x 8'11” Balcony Bathroom 2 2.48m x 2.43m - 8'2” x 7'12” First Floor Flat 3 Hall 3 Lounge 3 4.07m x 3.67m - 13'4” x 12'0” Kitchen Diner 3 2.17m x 3.73m - 7'1” x 12'3” Bedroom 3 2.76m x 2.72m - 9'1” x 8'11” Shower Room 1.52m x 2.8m - 4'12” x 9'2” Second Floor Flat 4 Entrance Hall 4 Lounge 4 4.07m x 3.66m - 13'4” x 12'0” Kitchen/Dining Room 4 2.19m x 3.73m - 7'2” x 12'3” Bedroom 4 2.78m x 3.67m - 9'1” x 12'0” Bathroom 4 1.51m x 2.82m - 4'11” x 9'3” Second Floor Flat 5 Hall 5 Kitchen/Dining Room 5 3.5m x 2.73m - 11'6” x 8'11” Bedroom 5 5.03m x 2.73m - 16'6” x 8'11” Bathroom 5 2.1m x 2.43m - 6'11” x 7'12” Outside Garage 1 6.21m x 4.44m - 20'4” x 14'7” Garage 2 5.44m x 2.51m - 17'10” x 8'3”
Value & comps
No previous sales on record.
Returns
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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.
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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
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FAQ
About 56, Castleton Boulevard, Skegness
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