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See how verdicts work2-bedroom house · PE24 5WG
Listing removedReduced £10k (−5.9%) on 21 JunListed 184 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Modern 2 Bedroom Mid Terrace property located in Chapel St Leonards built at the end of 2022.
This property offers Lounge, Kitchen with integrated appliances including washer/dryer, dishwasher, fridge/freezer, oven, hob & hood, Downstairs Wc & Shower Room.
Rear enclosed garden and off street parking description Situated within the popular coastal village of Chapel St Leonards, this well presented two-bedroom mid-terrace property offers modern and practical living, ideal for families, first-time buyers, or those seeking a coastal retreat.
Built at the end of 2022 this property offers a Lounge, Kitchen/ Diner, Downstairs Wc, 2 Bedrooms and Shower Room.
The Kitchen is modern and high-spec offering integrated appliances including washer/dryer, fridge/ freezer, dishwasher, oven, hob and extractor hood.
Externally the property offers off street parking and a rear garden mainly laid to lawn with patio area and securely enclosed with fencing and gate access from the rear.
Located in the popular Seaside Village of Chapel St Leonards and within walking distance to the Primary School, Doctors Surgery, Local Convenience Store, Shops, Restaurants, Pubs, Bars and Cafe's as well as the Beach & Seafront Attractions.
A Bus route is also available nearby providing access to neighbouring Villages & Towns such as Mablethorpe, Ingoldmells, Winthorpe and Skegness.
This fantastic home is ready to move into and must be viewed to be fully appreciated.
Entrance Entrance door leads into the lounge: Lounge 13' 4" x 13' 1" ( 4.06m x 3.99m ) Has a double-glazed window to the front elevation, stairs leading to the first floor, two radiators and under stairs storage cupboard.
A door leads into: Kitchen/ Diner 13' 2" x 13' 5" ( 4.01m x 4.09m ) Comprising of modern wall, base and drawer units with worktop space over, integrated oven, hob, extractor, fridge/freezer, dishwasher & washer dryer, radiator, double glazed window to the rear elevation and doors leading to the rear garden.
There is ample space for a dining table and door into: Downstairs Wc Has a WC, hand wash basin and radiator.
Landing Has loft hatch access and doors leading into the following rooms: Bedroom 1 13' 4" x 10' 5" ( 4.06m x 3.17m ) Has two double glazed windows, radiator and cupboard housing the heating system.
Bedroom 2 10' 5" x 13' 4" ( 3.17m x 4.06m ) Has two double glazed windows and a radiator. Shower Room Has a walk in shower, hand wash basin, WC and radiator.
External Externally the property benefits from off street parking to the front. The rear is mainly laid to lawn with a patio area and securely fenced with gate access.
Local Area Draycott Way is ideally located within the popular seaside village of Chapel St Leonards, a well-loved coastal destination known for its sandy beaches and friendly community atmosphere.
The village offers a range of local amenities including shops, supermarkets, cafés, pubs, and restaurants, as well as schools and healthcare facilities.
The nearby seafront provides beautiful coastal walks and easy access to the beach, while the larger town of Skegness is just a short drive away, offering a wider range of shopping, leisure facilities, and transport links.
This location is perfect for those looking to enjoy a relaxed coastal lifestyle while still having everyday conveniences close at hand. 1.
Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. 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 sequence (UK) limited 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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
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FAQ
About 53, Draycott Way, Skegness
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