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See how verdicts workHouse · PE25 2BD
Listing removedReduced £5k (−12.5%) on 24 JunListed 612 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary A freehold detached former place of worship. In need of modernisation. Potential for development / alternative uses subject to requisite consents. Vacant.
Description A freehold detached former place of worship. In need of renovation throughout. Potential for development / alternative uses subject to requisite consents. Vacant.
Located in the Seaside Town of Skegness. Town Centre location and within walking distance to the Sandy Beach and Seaside Attractions.
There are a number of Shops, Cafe's, Restaurants and Bars located nearby as well as being only a 5 minute walk from from the Bus & Train Station providing access to neighbouring Villages, Towns & Cities such as Burgh Le Marsh, Ingoldmells, Chapel St Leonards, Boston, Lincoln & Nottingham.
Inside 29' x 23' 2" ( 8.84m x 7.06m ) Agents Note The property is in need of renovation throughout and has potential for development subject to any relevant planning which would need to be in place - you can contact East Lindsey District council to enquire about planning applications.
Health And Safety Whilst we make every effort to ensure the safety and security of viewers at properties/buildings, we have not carried out a detailed Health & Safety inspection and cannot therefore guarantee the safety and security of viewers.
All persons attend properties entirely at their own risk.
All unaccompanied inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers' risk. Directions See Multi-map illustration 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
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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 The Old Spiritualist Chapel, Prince George Street, Skegness
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