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Anderby Road, Chapel St. Leonards, Skegness

East of England

£225,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
995 sqft

Description

This detached family home, characterized by its traditional pebble-dashed exterior, is situated in the charming coastal village of Chapel St Leonards. Nestled adjacent to the beach, this property rests on a generously sized plot, presenting an exciting renovation opportunity for those looking to put their personal touch on a new residence. The recent upgrades include a complete electrical rewire and a new roofing system, alongside uPVC windows and doors throughout, establishing a solid foundation for future enhancements. The property also features a gravel driveway and benefits from being offered with no onward chain, making it easier for potential buyers to proceed swiftly. Upon entering, you are greeted by a utility/entrance porch that provides practical space with plumbing for a washing machine. The kitchen is equipped with a range of base and wall units while offering ample potential for modernization. Adjacent to the kitchen, you'll find a pantry that adds additional storage options. The lounge is highlighted by a bay window that captures natural light and showcases original built-in cupboards along with exposed wooden floorboards—elements that could be revitalized or enhanced during renovations. Three bedrooms provide flexible living arrangements, all featuring cozy carpeting and windows that overlook the surroundings. The bathroom includes essential fixtures such as a double enclosed shower cubicle and vanity sink unit but holds potential for contemporary updates to align with modern expectations. The rear garden is bordered by mature hedging and predominantly laid to lawn, creating an inviting outdoor space ripe for landscaping or development. A timber garage/workshop is present but may require renovation or removal depending on your plans. With mains water, drainage, and electricity connected, this property offers the essential services needed while leaving room for improvement—an appealing proposition for those seeking an investment in this desirable coastal locale. The energy performance rating of 'G' indicates further opportunities for enhancing efficiency through thoughtful upgrades. Local amenities are within reach in this quaint village setting, providing both charm and convenience as you embark on transforming this property into your dream home or investment project.

Investment Analysis

(PE24 area)

Below Market Value

This property is priced -0.8% below area average per sq ft

-0.8%
Potential saving
This Property
£226/sq ft
Area Average
£228/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£249,601
10% above area average per sq ft
Potential ROI
-5.8%
After renovation
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

Anderby Road, Chapel St. Leonards, 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
£824
Based on a loan of £168,750 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