2-bedroom house · PE24 5US
Listing removedListed 178 days
Opportunity summary
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About
Looking to spend time with family or friends maybe a week,month or just a few days the choice is yours when you own a chalet by the sea.
Close to the Attraction of the North Sea Observatory with its cafe..dining out at the local pub ...or just a stroll along the beach....this 2 Bedroom chalet on the popular Eastfields Park with the added benefits of a conservatory and patio/courtyard is ideally situated.
Living area All doors to rooms lead off the living area, which at present is laid out to 2 x 2 seater settees and a tv stand to corner, incorporating the kitchenette which consists of electric freestanding cooker, stainless steel sink with cupboard under, a small piece of worktop with under counter fridge.
Bedroom 1 Double sized room with window out to the conservatory. There is a storage cupboard in the corner which houses the old style electric meter and fuse box.
Bedroom 2 Single sized room with high level window to the rear elevation, storage cupboard housing the immersion tank.
Bathroom With a high level window to the rear elevation with a bath under and having a Galaxy electric shower over, there is a sink and the toilet is situated in an alcove area of the bathroom.
Conservatory Enter the conservatory through a full glazed single upvc door, good sized area and double french doors into the living area.
Outdoor Space Slabbed patio area with storage metal shed, a decorative brick wall with hedge to the front to give privacy to the outside area.
Costs Ground Rent (with extension) 01/04/2025 - 31/03/2026 - £147 + VAT Maintenance 01/01/2025 - 31/12/25 - £612.28 + VAT (Variable every year) Ground Rent increases every 7 years by 12.5%.
Next increase 2027. Leasehold 63 year lease from 1st April 1971. (Lease ends in 2034, and we are currently unable to advise whether the park will extend the leases or not).
Owners are to use and occupy the chalet for a holiday dwelling only. For use from 1st April to 31st October every year.
The site is closed during the winter months from 1st November to 31st March The owner has 28 day use during the winter closure months Chapel St Leonards Chapel St Leonards is a lovely sea-side village on the east coast nestled between the major resorts of Skegness and Mablethorpe.
It has a population of around 3,000 and is well known for its beautiful sandy beaches and long promenades.
During the summer months it benefits greatly from tourists creating a lovely vibrant atmosphere.
The village has a lot to offer with a wide range of shops including butchers, chemist, estate agents, co-op, spar, cafes, restaurants and pubs.
There is a village hall with a full programme of regular activities, doctors surgery, two churches and a primary school.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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
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FAQ
About St. Leonards Drive, Chapel St. Leonards, Skegness, PE24 5US
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