Terraced house · PE24 4BH
To rentListed 7 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent opportunity to take a lease on this ground floor retail unit which has been used as a hair salon.
The property is in a prime high street position within Wainfleet centre and close to the main market place.
Location The property fronts onto the high street and is within the town centre in a mixed commercial and residential area close to the marketplace.
Wainfleet All Saints is an ancient port, market town and civil parish on the east coast of Lincolnshire, on the A52 road 5 miles (8 km) south-west of Skegness and 14 miles (23 km) north-east of Boston.
It stands on two small rivers, the Steeping and Limb (or Lymn), that form Wainfleet Haven. The town is close to the Lincolnshire Wolds. The village of Wainfleet St Mary is to the south.
In 2011 the parish had a population of 1604 ACCOMMODATION The property is presently a long established hair salon the accommodation comprises Ground Floor retail unit = 434 sqft (40.3 sqm)Basement 132 sqft (12.2 sqm)Rear WC PLANNING The property has established use as a hair salon which will now fall within planning use class E SERVICES Mains electricity , water and drainage are connected to the property TENURE The property is offered on a new minimum 3 year lease on internal repairing and insuring lease.
The tenant is to pay a 3 month rental deposit RATEABLE VALUE The property has a rateable value of £5200 CEPC The property has a CEPC rating of C LEGAL COSTS Each party are responsible for their own legal costs VAT The rent is exclusive of VAT if applicable LOCAL AUTHORITY East Lindsey District Council The HubMareham RoadHorncastle Lincolnshire LN9 6PHTel VIEWINGS Contact Pygott & Crone Commercial 36a Silver Street LincolnLN2 1EWTel
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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 High Street, Wainfleet, Skegness, PE24
Explore nearby
