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Maegan Way, Cleethorpes, Lincolnshire, DN35

Yorkshire

£75,000
Listed on 12/10/2025

Property Details

Bedrooms
2
Type
Flat

Description

This ground floor apartment presents an excellent opportunity for those looking to invest in the Cleethorpes area. Comprising two bedrooms, a spacious living room adjacent to the kitchen, and a bathroom, this layout provides a solid foundation for modern living. The property also features direct access to a private rear garden, offering potential for outdoor enhancements such as landscaping or entertaining spaces. The location is one of the key highlights, nestled within a desirable resort area that attracts both residents and visitors alike. With the right renovations, this apartment could become an attractive rental option or a comfortable primary residence. While the interiors would benefit from modernization, this presents a blank canvas for renovation enthusiasts to implement their vision. A nearby garage adds convenience for parking and storage, further enhancing the practical aspects of this property. It’s important to note that this apartment is leasehold with 99 years remaining from June 1971, prompting prospective buyers to confirm details independently. Additionally, while the current amenities may not be top-of-the-line, they offer functionality and can serve as the initial stage of your upgrade plans. For buyers with a keen eye on investment opportunities in Cleethorpes, this apartment's combination of renovation potential and favorable location makes it a property worth considering.

Investment Analysis

(DN35 area)
Area Average
£167/sq ft
Avg Rent (weekly)
£148
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (DN35)

Area prices are rising by +6.1% over the last 12 months
3 year growth: 4.2%
5 year growth: 17.0%
Investment Disclaimer: Analysis based on DN35 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

Maegan Way, Cleethorpes, Lincolnshire, DN35
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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
£275
Based on a loan of £56,250 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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