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See how verdicts work2-bedroom flat · PE25 2ES
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description A well positioned purpose built first floor flat located within a twenty minute walk of the town centre, shops, supermarkets and the train & bus station and only a further few minutes walk to the seafront and beach.
The flat offers a hallway, lounge, kitchen, two bedrooms and bathroom and benefits from gas central heating (boiler replaced last year) and double glazing.
There are communal gardens and a parking space within the parking area. The property is currently let under an assured shorthold tenancy and as such would be ideal for investment.
With no upward chain it is available for a quick sale if required - viewings are available - by appointment only.
Entrance Lobby: , Having a uPVC entrance door and stairs leading up to the first floor landing/hallway Hallway/Landing: , Having built in storage cupboard, smoke alarm, access to roof space and ceiling light point.
Lounge: 4.80m x 3.68m (15'9" x 12'1") , Having television point, radiator and ceiling light point.
Kitchen: 2.43m x 2.93m (7'12" x 9'7") , Having stainless steel single drainer sink unit set in work surfaces extending to provide a range of base fitted cupboards and drawers under together with wall mounted storage cupboards over, tile splash backs to work surfaces, space for cooker, space and plumbing for washing machine, space and plumbing for tumble dryer, space for fridge/freezer, 'Worcester' combination boiler, smoke alarm and ceiling light point.
Bedroom One: 3.35m x 2.60m (10'12" x 8'6") , Having radiator and ceiling light point. Bedroom Two: 4.40m x 3.02m (14'5" x 9'11") , Having built in storage cupboard, radiator and ceiling light point.
Bathroom: 2.16m x 2.15m (7'1" x 7'1") , Having panelled bath set in tile surround with shower screen and mixer shower therein, pedestal hand wash basin, close coupled wc, radiator and ceiling light point.
Outside:
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 Flat 15 Waterloo Court, Queens Road, Skegness
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