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Winthorpe Avenue, Skegness

East Midlands

£200,000
Listed on 26/09/2025

Property Details

Bedrooms
6
Type
Detached house
Area
1913 sqft

Description

This sizable period property is situated between the well-known coastal towns of Skegness and Ingoldmells, presenting a promising opportunity for renovation or investment. Historically used as a House in Multiple Occupation (HMO), it offers flexibility for either continued commercial utilization or transformation into a spacious residential home. The exterior features established hedging and a welcoming pathway leading to the main entrance, flanked by lawns on either side. Inside, the hallway showcases original stained glass accents around the front door, along with classic elements like a cloak cupboard and elegant stairs leading to a galleried landing. The ground floor comprises multiple living areas, including a lounge equipped with essential amenities such as a stainless steel sink unit and electric water heating. Adjacent to the lounge is an office or study space, ideal for working from home or as additional storage. The kitchen/diner area presents substantial potential for modern remodeling, featuring existing base and wall units that can be updated to fit contemporary standards. Further back on the main floor, you'll find separate entries leading to additional bedrooms with plumbing already installed—ideal for further adaptation into en-suite accommodations. A rear hallway provides access to practical features such as a separate WC and shower facilities. Upstairs, there are six bedrooms, each equipped with carpeted flooring and basic amenities like stainless steel sinks. This configuration may lend itself well to continued HMO use or conversion into private living quarters—an attractive selling point for future tenants or buyers. The rear garden is bordered by mature hedges and features slabbed areas that could be transformed into outdoor entertainment spaces with some design insight. Additionally, there’s a detached garage offering power and water connections, providing further utility options. This property comes with no onward chain and is freehold, enabling immediate possession upon completion. While it currently holds an energy performance rating of 'G,' there exists significant scope for improvement through renovation efforts. Given its prime location close to local amenities and tourist attractions, this property not only promises personal living possibilities but also represents an enticing investment opportunity in a sought-after area.

Investment Analysis

(PE25 area)

Below Market Value

This property is priced -49.6% below area average per sq ft

-49.6%
Potential saving
This Property
£105/sq ft
Area Average
£207/sq ft
Avg Rent (weekly)
£146
Avg Yield
3.1%

Renovation Potential

Est. Renovation Cost
£20,000 - £50,000
10-25% of property value
Target Value
£436,327
10% above area average per sq ft
Potential ROI
+74.5%
After renovation
Monthly Sales
17
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (PE25)

Area prices are stable by +0.3% over the last 12 months
3 year growth: 0.4%
5 year growth: 17.2%
Investment Disclaimer: Analysis based on PE25 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Winthorpe Avenue, Skegness
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