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

East Midlands

£250,000
Listed on 11/05/2024

Property Details

Bedrooms
8
Type
Semi-detached house

Description

Nestled along the picturesque Scarborough Avenue, this expansive property offers significant renovation and investment potential. Just a short stroll from the beach and seafront, it stands in a desirable location that adds value for future projects. With eight bedrooms spread across its three levels, this property is ripe for reimagining. It features a versatile layout, currently accommodating large spaces including five spacious bedrooms — several with en-suite facilities and dressing rooms — as well as an annex that has served as both owner accommodation and a rental unit. The existing configuration lends itself to various possibilities: restoring it as a generous family home or transforming the space into multiple living units, subject to obtaining necessary planning permissions. The ground floor includes a welcoming entrance hall leading to a bright lounge with an attractive bay window and access to a substantial dining area that could be adapted for different uses. The kitchen, while functional, presents opportunities for modernization with ample space for upgrades, including potential commercial-grade appliances. Additionally, there are several shower rooms throughout the property that cater to the current layout while providing room for enhancement. Moving upstairs reveals further potential with additional bedrooms — each characterized by their generous proportions and unique features such as original fireplaces and en-suites. This flexibility makes the property suitable for various occupants or rental arrangements. Externally, you'll find off-road parking accessible via secure double gates at the rear, accommodating multiple vehicles. The outdoor areas include decking and covered spaces currently utilized for practical purposes but could be redesigned for leisure or further parking needs. This property is truly distinctive in its adaptability and scope for improvement. Its prime location combined with the multitude of bedrooms creates an excellent opportunity for investors or those looking to craft their ideal residence in a sought-after coastal setting. Viewing is essential to fully appreciate the options this home presents.

Investment Analysis

(PE25 area)
Area Average
£207/sq ft
Avg Rent (weekly)
£146
Avg Yield
3.1%

Renovation Potential

Est. Renovation Cost
£25,000 - £62,500
10-25% of property value
Monthly Sales
17
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (PE25)

Area prices are stable by +0.3% over the last 12 months
3 year growth: 0.4%
5 year growth: 17.2%
Investment Disclaimer: Analysis based on PE25 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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
Map showing location of Scarbrough Avenue, Skegness, PE25
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