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High Street, Skegness PE24

East of England

£170,000
Listed on 26/01/2024

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1119 sqft

Description

This traditional period property in Hogsthorpe offers a unique opportunity for renovation and investment, showcasing character features that can be enhanced with some thoughtful updates. The spacious layout includes a large lounge centered around an original open fireplace, making it a cozy gathering spot. The dual-aspect windows provide plenty of natural light to this inviting space. Adjacent to the lounge is a separate dining room that features an original staircase leading to the upper floor. This area has potential for improvement, particularly with the ceiling needing repair, allowing for the new owner to add their personal touch. The kitchen, while currently requiring work, is equipped with a charming Belfast sink and has ample space for customization. The three bedrooms are generously sized and retain original wood floors, offering comfortable spaces filled with character. Each room includes large windows that invite sunlight and provide pleasant views of the surroundings. The bathroom is functional but could benefit from modern updates to enhance its appeal. Outside, the property features gated off-road parking and a generous rear garden with outbuildings that present additional storage options or potential for conversion into useful spaces. Although the garden currently lacks a rear fence, it extends beyond neighboring properties, providing room for landscaping or outdoor living enhancements. Hogsthorpe itself is a quaint village located less than two miles from Chapel St Leonards coast, known for its community-oriented atmosphere and small-town charm. With essential amenities such as a local shop with a post office, two pubs, a primary school, and lovely St Mary’s Church nearby, this location balances rural tranquility with accessibility to larger towns like Skegness and Mablethorpe. This property not only offers character but also promises great investment potential for those looking to create their ideal home in a sought-after village setting.

Investment Analysis

(PE24 area)

Below Market Value

This property is priced -33.4% below area average per sq ft

-33.4%
Potential saving
This Property
£152/sq ft
Area Average
£228/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£280,707
10% above area average per sq ft
Potential ROI
+40.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (PE24)

Area prices are rising by +7.7% over the last 12 months
3 year growth: -1.1%
5 year growth: 35.2%
Investment Disclaimer: Analysis based on PE24 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

High Street, Skegness PE24
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£623
Based on a loan of £127,500 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