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See how verdicts work1-bedroom flat · PE25 2SB
For saleListed 79 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 top floor flat is ideal for buy to let investors or cash buyers looking for a 'lock and leave' holiday apartment.
The flat has been modernised and refurbished to offer a modern kitchen with integrated appliances, utility room and re-fitted bathroom together with one double bedroom and a light airy lounge, open plan from the kitchen.
Additional benefits include electric heating & uPVC double glazing. There is no upward chain to worry about making this available for a quick sale if required.
A well positioned flat ready to be moved straight in to. Viewings are available now by appointment.
Entrance Hall: A security locked communal entrance door leads to a hallway and stairs lead to the top floor - onto a balcony area which in turn leads to the private flat entrance:- Hallway: With a uPVC double glazed entrance door, laminate flooring.
Bedroom: 2.67m x 2.36m (8'9" x 7'9") , With electric heater.
Bathroom: 2.36m x 1.70m (7'9" x 5'7") , Having a three piece white suite comprising panelled bath set in splash surround with mixer shower over & shower screen, pedestal wash basin, close coupled wc, ladder style heated towel rail, built in airing cupboard with 'Santon premier plus' hot water cylinder.
Lounge: 3.73m x 3.66m (12'3" x 12') , With electric heater & high level roof top views towards the sea.
Open plan to: Kitchen: 3.66m x 1.68m (12' x 5'6") , Having a single drainer stainless steel sink unit set in work-surfaces extending to provide a range of modern fitted base cupboards and drawers under, together with matching range of wall mounted storage cupboards over, splashbacks to worktops, integrated electric oven with four burner gas hob & stainless steel canopy extractor hood over, integrated fridge, wall mounted shelving.
Utility Room: 2.03m x 1.14m (6'8" x 3'9") , With a worktop and space & plumbing under for washing machine, coat hooks.
Buyers Information:: The tenure of the property is leasehold with a 99 year lease commencing April 1979.
The agents understand that the current service charges are approx £1,500 per year which contributes to the overall buildings insurance, maintenance and repairs.
Management accounts for 2025/26 available upon request. Prospective buyers should satisfy themselves regarding ground rent/service charges prior to committing to purchase.
The agents also understand the freeholder is willing to grant a new 999 year lease for a cost of £14,950 plus costs of £3,030 - (as at November 2025)
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.
Area
Agent & docs
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FAQ
About 11 Ellis Court, Roman Bank, Skegness
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