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Revesby Drive, Skegness

East of England

£230,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This spacious detached bungalow is nestled on a substantial plot, offering significant potential for renovation or expansion. With a well-maintained exterior featuring modern windows and low-maintenance aspects, the property includes a generous front and rear garden along with a detached garage/workshop and long driveway that provides ample parking. Inside, you will find a comfortable lounge, a kitchen ready for modernisation, and three bedrooms, making it an excellent candidate for redesign to suit contemporary living. The sunroom offers additional light and access to the back garden, providing further scope for enhancement. Located in a desirable cul-de-sac area of Skegness, within easy reach of the town centre and local amenities, this property is not only appealing for personal use but also represents a promising investment opportunity.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
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

Revesby Drive, 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
£843
Based on a loan of £172,500 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