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Barnack Estate, Burgh Le Marsh, Skegness

East Midlands

£175,000
Listed on 09/03/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
948 sqft

Description

This semi-detached family home features three bedrooms and offers vast potential for renovation and investment, situated within a quiet cul-de-sac in a charming market town approximately five miles from the coastal community of Skegness. The property includes a spacious rear garden, ideal for outdoor activities and future landscaping projects, making it a blank canvas for those looking to make their mark. Inside, the layout encompasses a reception hall leading to two well-proportioned reception rooms that can be reimagined to enhance flow and functionality. The kitchen is equipped with essential wall and base units, presenting opportunities for modernization that could elevate the overall living experience. A side porch provides additional utility space, while the boiler room houses the gas-fired central heating system. Upstairs, three bedrooms offer comfortable sleeping quarters, each benefiting from natural light through UPVC double-glazed windows. The first floor accommodates a family bathroom that requires updating but allows for customization according to personal preferences. The exterior showcases low-maintenance gardens at the front with an accessible driveway leading to an expansive lawned area at the back. Here you’ll find potential for gardening enthusiasts or those interested in outdoor entertainment spaces. Additionally, the large garden shed adds practical storage solutions. Located in proximity to local amenities and just a short drive from coastal attractions, this property not only presents an inviting family residence but also represents excellent potential as an investment opportunity in a sought-after area. With modernization needed throughout, prospective buyers can tailor this home to suit contemporary tastes while increasing its value over time. Available with no onward chain, this means you can move forward swiftly with your plans.

Investment Analysis

(PE24 area)

Below Market Value

This property is priced -22.3% below area average per sq ft

-22.3%
Potential saving
This Property
£185/sq ft
Area Average
£237/sq ft

Renovation Potential

Est. Renovation Cost
£17,500 - £43,750
10-25% of property value
Target Value
£247,613
10% above area average per sq ft
Potential ROI
+13.2%
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

Barnack Estate, Burgh Le Marsh, Skegness
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