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Barnes Road, Skegness

East of England

£140,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This semi-detached house presents a compelling opportunity for those looking to invest in a renovation project in the coastal town of Skegness. With three bedrooms, this property is ripe for transformation and offers the potential to create a comfortable home or rental investment. The interior layout includes a lounge that leads out to the rear garden, offering a pleasant flow of space. The kitchen/diner features a selection of wall and base units, with ample room for dining, making it an ideal spot to gather after renovations. A convenient downstairs WC adds functionality to the ground floor. Upstairs, you will find three bedrooms, each with unique characteristics that can be enhanced through modernization. The master bedroom includes built-in wardrobes and windows on two sides, allowing natural light to fill the space. The additional bedrooms are also well-proportioned and offer flexibility for various uses. The shower room is equipped with essential fixtures but would benefit from updating to maximize its appeal. Externally, the property boasts off-street parking at the front and a manageable rear garden that could be landscaped or developed according to your vision. Situated within walking distance of local amenities, including shops, restaurants, and access to bus and train services, this location supports both residential living and vacation rental potential. Nearby attractions include Skegness's renowned beaches and entertainment options. Given its current condition and location advantages, this property represents an excellent investment opportunity for buyers looking to make their mark in Skegness’s property market. With some creativity and renovation work, you could significantly increase its value while crafting a desirable living space or holiday retreat.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
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

Barnes Road, 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
£513
Based on a loan of £105,000 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