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Roman Bank, Skegness

East of England

£270,000
Listed on 04/10/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This spacious four-bedroom detached dormer bungalow presents a compelling opportunity for renovation and investment in a desirable Skegness location. The property boasts a generous layout that lends itself well to family living while offering potential for reconfiguration or modernization to enhance value. Upon entering, you are greeted by an inviting hallway that provides access to the ground floor's primary living spaces. The sizable kitchen/diner serves as a central hub for gatherings, complemented by a comfortable lounge featuring large windows that fill the room with natural light. Conveniently situated nearby is a utility area, which offers additional space for appliances and storage. The property features four bedrooms, including a main bedroom with the added appeal of a private balcony—perfect for enjoying outdoor moments. A well-appointed family bathroom caters to the needs of the household. Externally, the bungalow benefits from ample off-street parking along with a versatile workshop area that could be transformed into living space with the appropriate planning permissions. This feature enhances the property's multi-use potential, providing options for an annex or home office setup. Located within close proximity to local amenities such as shops, restaurants, and recreational facilities like the beach and golf course, this property is ideally positioned for both residential enjoyment and investment appeal. Regular public transport links further enhance accessibility to surrounding areas. With its spacious interiors and flexible layout, this bungalow not only offers comfortable living but also significant renovation potential—making it an excellent choice for those looking to create their ideal home or capitalize on rental opportunities in a thriving coastal area.

Investment Analysis

(PE25 area)
Area Average
£202/sq ft
Avg Rent (weekly)
£135
Avg Yield
3.1%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
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

Roman Bank, Skegness
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£974
Based on a loan of £202,500 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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