1-bedroom flat
For saleListed 1 day
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, one bedrooms plus bathroom, a lounge and 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: Landing/Hallway: Lounge: 4.34m x 3.96m (14'3" x 13') Kitchen: 3.30m x 2.67m (10'10" x 8'9") Bedroom: 4.06m x 2.77m (13'4" x 9'1") Shower Room: 2.77m x 1.83m (9'1" x 6') 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 Sutton Court, Skegness
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