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Drummond Road, Skegness, Lincolnshire, PE25 3BU - Image 1
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Drummond Road, Skegness, Lincolnshire, PE25 3BU

East of England

£250,000
Listed on 31/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2185 sqft

Description

This detached house, nestled in the vibrant community of Seacroft, presents a promising opportunity for those looking to invest in a property with significant potential for value enhancement. With its close proximity to local amenities such as supermarkets, schools, and leisure facilities—including the nearby Beach and Seacroft Golf Club—this residence is well-positioned for family living. The property features a range of spacious rooms including a welcoming hallway, multiple reception areas including a lounge with an exposed brick fireplace, and a functional kitchen leading to a sunny garden room. The four bedrooms provide ample space for family needs, while the en-suite and main bathroom could benefit from modern updates. Outside, you'll find both off-road parking and an easy-to-maintain rear garden complete with a decked area for outdoor enjoyment. This home is ideal for buyers looking to make their mark through renovation or expansion.

Investment Analysis

(PE25 area)

Below Market Value

This property is priced -43.8% below area average per sq ft

-43.8%
Potential saving
This Property
£114/sq ft
Area Average
£204/sq ft
Avg Rent (weekly)
£141
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£489,353
10% above area average per sq ft
Potential ROI
+68.7%
After renovation
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

Drummond Road, Skegness, Lincolnshire, PE25 3BU
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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
£916
Based on a loan of £187,500 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