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Ida Road, Skegness

East of England

£270,000
Listed on 04/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1738 sqft

Description

This period property in Skegness presents a solid opportunity for renovation and investment, ideally suited for buyers interested in modernizing a classic home. The property is conveniently located, providing easy access to local amenities while offering the benefit of ample off-road parking and a generously sized rear garden. Upon entering, you’ll find a welcoming reception hall adorned with original stained glass features and an elegant period staircase leading to the upper levels. The ground floor includes a spacious lounge featuring a traditional fireplace and a bay window that frames the front view, alongside a dining room that boasts French doors opening to the garden, enhancing the home's potential for indoor-outdoor living. The kitchen is equipped with essential base and wall units, offering space for cooking appliances and additional pantry storage. This area could be transformed into an inviting culinary space with some updates. Adjacent to the kitchen, there’s a utility area ready for enhancement, along with an additional cloakroom for convenience. The first floor accommodates four well-proportioned bedrooms, each with unique characteristics such as exposed wooden flooring and charming fireplaces. These spaces hold significant potential for customization according to personal style and preference. A functional bathroom completes this level, providing essential amenities while leaving room for modernization. The large rear garden offers considerable scope for landscaping or outdoor development, making it an attractive feature for families or outdoor enthusiasts. With boundaries defined by timber fencing, it provides privacy while being easily accessible from the parking bays at the back of the property. Overall, this property not only boasts historical charm but also serves as an enticing project for those looking to invest in a renovator's dream in a vibrant coastal community. It comes without any onward chain complications and is connected to all main utilities—an advantageous starting point for any renovation endeavor.

Investment Analysis

(PE25 area)

Below Market Value

This property is priced -23.7% below area average per sq ft

-23.7%
Potential saving
This Property
£155/sq ft
Area Average
£204/sq ft
Avg Rent (weekly)
£141
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£389,242
10% above area average per sq ft
Potential ROI
+21.6%
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

Ida Road, Skegness
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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
£989
Based on a loan of £202,500 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