2-bedroom flat · PE25 2BP
For saleReduced £8.5k (−8.5%) on 21 JunListed 495 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description A well presented first floor flat located just a five minute walk into the centre of town, shops, restaurants and the train station as well as the sea front and beach.
The property comprises of lounge, kitchen, bathroom and two bedrooms. The outside of the property offers an allocated parking space.
Additional benefits include gas central heating and uPVC double glazing. With viewings available now - by appointment only.
Entrance Hall: Having an entrance door leading into the lower hall with radiator and stairs to. Landing: Having access to the roof space (being part boarded) smoke alarm and two ceiling light points.
Lounge: 3.99m x 3.57m (13'1" x 11'9") , Having walk in bay, radiator and ceiling light point.
Kitchen: 2.77m x 2.68m (9'1" x 8'10") , Having one and a half bowl stainless steel sink unit with mixer tap over set in work surfaces extending to provide a range of base fitted cupboards and drawers under together with matching range of wall mounted storage cupboards over, tile splash backs to work surfaces, integrated five ring gas hob with integrated oven under, and stainless steel extractor fan over, 'Vokera' combination boiler, space and plumbing for washing machine, space for fridge/freezer, radiator and ceiling light point.
Bedroom One: 3.97m x 3.38m (13'0" x 11'1") , Having radiator and ceiling light point. Bedroom Two: 2.58m x 2.75m (8'6" x 9'0") , Having radiator and ceiling light point.
Bathroom: 3.40m x 1.88m (11'2" x 6'2") , Being mainly tiled having corner bath with 'Triton' electric shower over, pedestal hand wash basin, close coupled wc, radiator and inset ceiling spotlights.
Outside: Having an allocated parking space.
The agents understand the rear garden is have been informed that whilst the rear garden is currently for the use of the ground floor flat the freeholder has indicated they may be willing to share the garden.
We advise any entered partied to discuss the matter with their conveyancer. Agents Notes: The tenure of the property is leasehold.
The ground rent/service charge for 2025 is £250.00 which the agents understand can be six monthly or annually. A full breakdown of the apportionment of the costs can be provided if required.
The lease started on the 28/05/1993 for 99 years leaving 68 years remaining.`
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 18a, Dorothy Avenue, Skegness
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