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See how verdicts work3-bedroom flat · PE25 2SP
For saleReduced £5k (−5.6%) on 7 AugListed 390 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description Positioned within walking distance of the town centre and the beach this first floor flat is ideal for first time buyers and investors alike.
The property comprises of lounge, kitchen/diner, three double bedrooms and shower room. The outside of the property offers shared rear garden.
Additional benefits include electric heating and uPVC windows. With viewings available now - by appointment only.
Communal Entrance: Hallway: Having entrance door, built in storage cupboard and ceiling light point. Lounge: 4.11m x 4.85m (13'6" x 15'11") , Having electric storage radiator and ceiling light point.
Kitchen/Diner: 3.96m x 2.77m (13' x 9'1") , Having one and a half bowl stainless steel single drainer sink unit set in work surfaces extending to provide a range of base fitted storage cupboards under together with matching range of wall mounted storage cupboards over, tile splash backs to work surfaces, space and plumbing for washing machine, integrated four ring electric hob with integrated oven under, integrated fridge/freezer, built in storage cupboard housing immersion hot water tank, fluorescent strip light.
Utility: Having space for tumble dryer a Bedroom One: 3.96m x 3.94m (13' x 12'11") , Having electric storage heater and ceiling light point.
Bedroom Two: 4.01m x 3.05m (13'2" x 10') , Having electric storage heater and ceiling light point.
Bedroom Three: 3.63m x 2.90m (11'11" x 9'6") , Having electric storage heating and ceiling light point.
Bathroom: 2.06m x 1.70m (6'9" x 5'7") , Having panelled bath set in tile surround, pedestal hand wash basin and ceiling light point. WC: Having close coupled wc and ceiling light point.
Agents Notes: The property is leasehold with 125 year lease commencing 10/02/2022. The current ground rent (2025) is £to be confirmed and maintenance fees of £ to be confirmed
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.
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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 1 Henshalls Flats, Roman Bank, Skegness
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