1-bedroom flat · PE25 3JY
Listing removedListed 174 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description A very tidy and well presented ground floor flat located within a short walk of the town centre, shops, supermarkets and amenities as well as the beach and sea front.
The flat comprises of kitchen, lounge, double bedroom and bathroom.
The outside of the property offers communal parking area providing enough space for at least one parking space per flat plus space for visitor parking.
Additional benefits include electric heating and uPVC double glazing.
Buyers should note that there are currently 991 years remaining on the lease and the buyer will also benefits for owning a sixth share of the freehold.
With no upward chain to worry about viewings are available now - by appointment only. Communal Entrance Hall: Having a main entrance door with an intercom unit on the exterior.
A private entrance door then leads into the flat. Inner Hall: Having a consumer unit, door entry phone connected to the intercom smoke alarm and ceiling light point.
Kitchen: 3.53m x 1.98m (11'7" x 6'6") , Having stainless steel single drainer sink unit set in work surfaces extending to provide a range of base fitted storage cupboards and drawers under together with matching range of wall mounted storage cupboards over, tile splash backs to work surfaces, integrated electric oven, integrated electric four ring hob with stainless steel extractor hood over, built in airing cupboard housing hot water cylinder, smoke alarm and ceiling light point.
Lounge: 3.45m x 4.88m (11'4" x 16') , Having decorative fire place with space for an electric fire if required, electric heater, walk in bay window and ceiling light point.
Bedroom: 3.17m x 2.84m (10'5" x 9'4") , Having electric heater and ceiling light point.
Bathroom: 2.26m x 1.42m (7'5" x 4'8") , Having panelled bath set in tile surround with electric shower over, pedestal hand wash basin, close coupled wc, extractor fan and ceiling light point.
Outside: To the rear of the building there is a large open plan communal parking area providing enough space for at least on parking space per flat as well as some visitor parking spaces.
Agents Notes: The property is leasehold with 999 year lease commencing 04/05/2017. The current service charge is currently £to be confirmed per annum.
This includes services including the communal electric, buildings insure, window cleaning, cleaning of the communal areas, monthly fire alarm test and internal flat alarms tested twice yearly, general maintenance and repairs of the grounds and boundaries.
A big selling point of this flat is the fact that the purchaser will come the owner of an equal sixth share of the freehold of the building.
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 1 6, Firbeck Avenue, Skegness
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