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Winthorpe Avenue, Skegness

East of England

£200,000
Listed on 07/09/2025

Property Details

Bedrooms
6
Type
Detached house

Description

This expansive period property, situated conveniently between the sought-after coastal towns of Skegness and Ingoldmells, presents a promising renovation opportunity. Previously operated as a House in Multiple Occupation (HMO), it holds significant potential for either continued commercial utilisation or reconfiguration into a spacious family home. The building benefits from plumbing in most bedrooms and features a detached single garage, adding to its versatility. Proximity to local amenities enhances its appeal for future tenants or occupants, and the property is offered with no onward chain. The front of the property is framed by mature hedging and features a concrete pathway leading through a wooden gate to the entrance door, with lawns on either side. Inside, the hallway retains original stained glass around the front door alongside period features that evoke character. The lounge and several bedsit areas contain essential facilities like stainless steel sink units, making them functional spaces with room for modern upgrades. The kitchen/diner offers ample space for refurbishment decisions while maintaining some existing utilities. The layout includes separate rooms that can be adapted to suit various needs, making it ideal for investors looking to enhance residential yields. Upstairs vast bedroom spaces provide opportunities for reimagining layouts into comfortable living quarters or additional rental units. However, many areas are in need of varying levels of attention ranging from cosmetic updates to more substantial works. The rear garden offers potential outdoor space enhancements as well. With an Energy Performance Certificate rating of 'G', improvements can significantly boost energy efficiency alongside aesthetic and structural benefits. This property stands out as a project ripe for development amid its attractive coastal location.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £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

Winthorpe Avenue, Skegness
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Mortgage Calculator

£
£
£
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%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£733
Based on a loan of £150,000 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