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See how verdicts work2-bedroom house · LN12 1QN
Sold STCListed 138 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
and lt;p and gt;Priced for a quick sale by motivated vendors with a 46 Year Lease still remaining!, A two bedroom chalet on the popular Mablethorpe Chalet Park site, offers year round living or great priced holiday homes, located near the beach and a short distance from the town centre of Mablethorpe.
and lt;/p and gt; and lt;p and gt;The chalet comprises of open plan living, dining and kitchen area, two bedrooms, enclosed shower room with separate WC, parking to the front of the chalet with shared open green to the rear.
and lt;/p and gt; EPC rating: Exempt.
Tenure: Leasehold, Length of lease (remaining): 44 years 6 months, Entrance 0.81m x 1.44m (2'8" x 4'9") Entering via a half glazed upvc door, into the inner hall, electric high wall mounted electric boxes, ceiling light, access to WC and into the open plan lounge.
WC Having a wall mounted wash hand basin and WC.
Open Plan Living 4.38m x 2.91m (14'4" x 9'7") Being a bright and airy space having a large Upvc window to the front elevation and to the rear a further large window with double opening Upvc doors to the rear, being open plan living the kitchen area has space for upright fridge freezer, space free standing cooker, single drainer sink, having wall mounted units for extra storage, and giving access to all further rooms.
Bedroom One Being a double size room having a Upvc window to the front elevation, ceiling light.
Bedroom Two 2.4m x 2.34m (7'10" x 7'8") Upvc window to the rear elevation, space for a single bed or bunk beds as in now, ceiling light.
Shower Room 1.37m x 0.8m (4'6" x 2'7") Having a high Upvc picture window to the rear elevation, full tiled shower cubical with electric wall mounted shower, ceiling light.
Outside Space To the rear of the chalet is open green shared area, space to put decking for a private veranda, at the front of the chalet is space to park your car, or have storage boxes.
Location Mablethorpe is a small seaside resort on the east coast of Lincolnshire, approximately 17 miles north of Skegness.
The town has a range of shops and amenities including a cinema, sports centre, primary school and health care centre.
Regular bus services run to the larger resort of Skegness and the market towns of Alford and Louth where a greater range of shops can be found along with secondary schools both grammar and comprehensive.
Directions From our office in Mablethorpe travel towards the traffic lights and the High Street and turning right and heading towards to the Sea front.
At the T junction turn left onto Quebec Road. Travel along Quebec Road, Turn Left on to Links Avenue, follow to the bottom and Mablethorpe Chalet Park is located at the bottom of the road.
Services Current ground rent charges £3921.10 and annual services charge £556.15 . There are 46 years remaining on the current lease which we have been told this can be extended.
This style property is not mortgageable but can be lived in all year round.
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
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FAQ
About Mablethorpe Chalet Park, Mablethorpe, LN12
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