2-bedroom flat · PE25 2BH
For saleListed 388 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description A first floor apartment in this highly popular small purpose built development for the over 55's.
The location is ideal - literally a few steps from Roman Bank and the town centre, with shops, amenities and restaurants as well as Tower gardens and the sea front.
The home has a hallway/landing with storage space, two bedrooms plus bathroom, a lounge and modern fitted kitchen. Benefits include modern slimline electric heaters, and uPVC double glazing.
With No upward Viewings are available now - call for your appointment. Entrance Lobby: With a uPVC entrance door, stairs lead to first floor landing/hallway.
Stairs To Landing/Hallway: With electric heater, loft hatch, door phone/remote entry, .
Kitchen: 3.28m x 2.67m (10'9" x 8'9") , With a one and half bowl single drainer sink unit set in worksurfaces, extending to provide a range of modern fitted light grey base cupboards and drawers under, together with matching range of wall mounted storage cupboards over.
Integrated electric oven, integrated electric hob with stainless steel canopy extractor hood over, tiled splashbacks to worksurfaces, space for fridge/freezer.
Lounge: 4.34m x 4.04m (14'3" x 13'3") , Having wall mounted living flame effect electric fire, two wall mounted electric heaters.
Bedroom One: 3.10m x 2.54m (10'2" x 8'4") , With wall mounted electric heater. Bedroom Two: 4.04m x 2.79m (13'3" x 9'2") , With wall mounted electric heater.
Bathroom: 2.82m x 1.85m (9'3" x 6'1") , Having a three piece bathroom suite comprising panelled bath set in tiled splash surround, pedestal wash basin with tiled splashbacks, close coupled wc, wall mounted electric heater/towel rail, wall mounted fan heater.
Outside: Outside, the property benefits from an adjacent small integral store (inc meter cupboard). The property benefits from communal gardens which extend to the front, side and rear.
Allocated parking available for a small fee per year (currently understood to be approx £24 per year) Buyers Notes:-: Sutton Court is a retirement development with any prospective buyers required to be of 55 years or older.
The tenure of the flat is understood to be leasehold with a lease of 999 years, commencing 1/6/1989.
The agents understand the ground rent and service/ maintenance charges to be Ground Rent - £162 per year.
Service Charge £2,300 per year, which includes:- Site manager 24 hour emergency contact Communal lounge & social activities Laundry Guest Rooms Garden/building maintenance
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 14, Sutton Court, Skegness
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