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Oxlands Lane, Bratoft, Skegness - Image 1
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Oxlands Lane, Bratoft, Skegness

East of England

£290,000
Listed on 03/11/2024

Property Details

Bedrooms
3
Type
Detached house

Description

This detached country cottage, inspired by the traditional Lincolnshire style, offers a promising renovation opportunity situated in a tranquil rural village just 7 miles from the popular coastal destination of Skegness. The property features three bedrooms and several outbuildings nestled within generously sized gardens, providing ample space for further development or enhancement. The layout includes an inviting front porch that leads into an entrance hall, with multiple living spaces comprising a living room, lounge, and conservatory. The kitchen is functional yet ripe for modernization, accompanied by a utility room and bathroom that also require updating. Key infrastructure updates include UPVC double glazing throughout and oil-fired central heating, although some areas would benefit from aesthetic improvements to elevate comfort and style. The generous outdoor space includes various outbuildings such as garages and greenhouses, ideal for hobbyists or potential extensions. Given its corner plot position with access to both front and rear gardens, the property presents an opportunity for landscaping projects that could enhance its appeal. This property comes with no onward chain, making it a straightforward investment venture with significant renovation potential.

Investment Analysis

(PE24 area)
Area Average
£228/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
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

Oxlands Lane, Bratoft, Skegness
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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
£1,062
Based on a loan of £217,500 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