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Winthorpe Avenue, Skegness

East of England

£190,000
Listed on 31/12/2025

Property Details

Bedrooms
6
Type
Detached house
Area
1913 sqft

Description

This expansive period property, positioned between the sought-after coastal destinations of Skegness and Ingoldmells, presents an ideal renovation opportunity. Previously utilized as a House in Multiple Occupation (HMO), this residence offers the potential for continued commercial use or conversion back into a spacious family home. With plumbing already in place across many bedrooms, a detached single garage, and proximity to local amenities, there's significant scope to enhance its value through thoughtful renovations. The property's original features contribute charm while also providing a canvas for modern updates. Key areas like the galleried landing and multiple bedrooms await revitalization, making this a promising investment for those looking to capitalize on a property with character and commercial viability. Notably offered with no onward chain, this is an opportunity to create an asset that can yield returns in both residential and rental markets.

Investment Analysis

(PE25 area)

Below Market Value

This property is priced -50.7% below area average per sq ft

-50.7%
Potential saving
This Property
£99/sq ft
Area Average
£202/sq ft
Avg Rent (weekly)
£135
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£424,122
10% above area average per sq ft
Potential ROI
+51.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (PE25)

Area prices are falling by -4.6% over the last 12 months
3 year growth: -4.0%
5 year growth: +13.0%
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

Winthorpe Avenue, Skegness
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£685
Based on a loan of £142,500 over 30 years at 4.06% 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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