We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · PE25 3RU
Listing removedListed 419 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A first floor flat positioned within a ten minute walk of shops, supermarkets and the town centre.
The flat offers a hallway, stairs and first floor landing, lounge, kitchen, bathroom, one double bedroom and a small bedroom/box room. Outside there is a an area of established garden and footpath.
Additional benefits include gas central heating and double glazing. There is no upward chain and the flat is available for a quick sale if required.
Viewings are available now - by appointment Side Entrance Hall: With a double glazed entrance door on the ground floor, storage area under stairs, wall mounted gas central heating boiler, radiator at half landing with stairs leading to first floor landing.
Stairs & Landing: With access doors to the kitchen, bathroom and bedroom two/box room. Kitchen: 3.78m x 2.84m (12'5" x 9'4") , With a sink unit, base cupboards and drawers, gas cooker point, radiator.
(gas cooker included) Lounge: 3.91m x 3.66m (12'10" x 12') , With a decorative fireplace and radiator. (gas wall heater not currently in operation).
Bedroom: 3.73m x 3.66m (12'3" x 12') into recess , With a radiator and double aspect windows. Bathroom: 2.29m x 1.37m (7'6" x 4'6") , Accessed from the main landing.
Having a bath with shower over, wash hand basin, low level wc.
Bedroom Two/Box Room: 2.46m x 1.45m (8'1" x 4'9") , With a radiator Outside: Lease Information: The agents understand that the lease commenced August 1987 for a period of 99 years leaving 60 years remaining.
We are advised that the ground rent is £40 per annum with the freeholder responsible for arranging insurance and recharging it to the owner of the flat.
Therefore the owner of this property is responsible for 25% of the buildings insurance cost. Any interested parties should seek legal advice regarding further lease information.
Buyers Notes: The sellers have advised us that a gas safety check was completed on 5th June 2025 including the gas cooker and gas boiler.
The two independent gas wall heaters have been disconnected (but may be possible to re-connect if so desired - by a gas safe registered gas engineer.
An electrical safety check was carried out on 8th June 2023. All items currently in the flat will be included in the sale if required.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Old Wainfleet Road, Skegness, PE25
Explore nearby
