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High Street, Hogsthorpe, Skegness, PE24 5PP

East Midlands

£170,000
Listed on 27/01/2024

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1119 sqft

Description

This traditional period property located in the village of Hogsthorpe presents a unique opportunity for those looking to invest or create a custom character home. While renovation is needed in several areas, the home's original features and layout offer significant potential for transformation. The spacious lounge serves as a welcoming entry point, featuring an original open fireplace that adds charm and warmth. Flanked by recessed shelving, this area currently accommodates both a seating arrangement and a study/music nook, enhanced by natural light from dual aspect UPVC double-glazed windows. Adjacent to the lounge, the dining room showcases an attractive L-shaped staircase leading to a generous landing that connects to three well-sized bedrooms and the bathroom. The dining space benefits from a window overlooking the rear garden and includes access to a utility room—a focal point for future enhancements. The kitchen is equipped with classic elements like a Belfast sink set within wooden cabinetry. Although it requires completion, the layout allows for creativity in design and functionality. The connected rear porch/utility area offers additional storage options. All three bedrooms feature original wood floors that add character while providing ample space for personalization. The larger bedrooms benefit from front-facing windows that invite plenty of natural light, while built-in cupboards in one of the smaller rooms offer practical storage solutions. Outside, the property includes gated off-road parking and extends into a wider garden area beyond neighboring properties—an inviting canvas for landscaping or outdoor projects. Currently utilized as storage, outbuildings also present additional potential for conversion or refurbishment. Hogsthorpe itself is characterized by its small-town charm, located just under two miles from the coast at Chapel St Leonards and offering essential amenities such as a local shop with post office services, restaurants, pubs, and schools. This community-oriented village enhances the appeal of this property for those seeking both tranquility and accessibility to coastal attractions. Overall, this residence combines traditional character with substantial renovation potential—a perfect opportunity for buyers eager to inject their personal style into their new home within a quaint rural setting.

Investment Analysis

(PE24 area)

Below Market Value

This property is priced -36.0% below area average per sq ft

-36.0%
Potential saving
This Property
£152/sq ft
Area Average
£237/sq ft

Renovation Potential

Est. Renovation Cost
£17,000 - £42,500
10-25% of property value
Target Value
£292,277
10% above area average per sq ft
Potential ROI
+37.5%
After renovation
Monthly Sales
11
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (PE24)

Area prices are rising by +8.7% over the last 12 months
3 year growth: -3.3%
5 year growth: 37.7%
Investment Disclaimer: Analysis based on PE24 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

High Street, Hogsthorpe, Skegness, PE24 5PP
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