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Scarbrough Avenue, Skegness, PE25 - Image 1
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Scarbrough Avenue, Skegness, PE25 - Image 5

Scarbrough Avenue, Skegness, PE25

East of England

£250,000
Listed on 11/05/2024

Property Details

Bedrooms
8
Type
Semi-detached house

Description

Situated on a picturesque tree-lined avenue, this property offers a wealth of potential for creative renovation. Just a short stroll from the beach, the residence features ample off-road parking secured by double gates at the rear. With eight spacious bedrooms, most of which include dressing rooms and en-suites, as well as five additional shower rooms, there is significant scope to transform this space. The layout allows for various possibilities, such as reverting it back into a family home or converting it into multiple flats, subject to planning permissions. Notably, an annex at the rear that has served as both accommodation for owners and a letting room underscores the versatility of this property. Each room presents an opportunity for modern finishes while preserving its character – from a lounge featuring an attractive bay window to a dining area that could be reimagined for contemporary living. Overall, this property warrants a viewing to fully appreciate its adaptability and investment appeal.

Investment Analysis

(PE25 area)
Area Average
£204/sq ft
Avg Rent (weekly)
£141
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (PE25)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -3.9%
5 year growth: 14.5%
Investment Disclaimer: Analysis based on PE25 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Scarbrough Avenue, Skegness, PE25
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£916
Based on a loan of £187,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE