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Roman Bank, Skegness

East of England

£65,000
Listed on 22/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This individual building plot presents an excellent opportunity for those looking to invest in a growing coastal area, with full planning permission granted for the construction of a one-bedroom holiday dwelling. Spanning approximately 160m², this site is centrally located in the sought-after resort town of Skegness, making it an appealing option for both personal use and rental potential. The approved plans allow for the development of a holiday home, which includes the necessary vehicle access and provisions for demolishing any existing outbuildings on the property. With planning permission granted on August 1, 2024 (application number S/153/01855/23), the new owner will have a three-year window to commence construction. This timeline offers flexibility for those who may wish to finalize designs or other preparations before breaking ground. Mains drainage is already present on site, while water, electricity, and gas connections are readily available nearby on the public highway. Prospective buyers should be aware that arranging these connections will be their responsibility upon acquisition of the plot. Access to this parcel is straightforward via Muirfield Drive off Roman Bank, enhancing its convenience for future guests or tenants. The local amenities and attractions of Skegness are within easy reach, offering a desirable setting for a holiday retreat that could cater to visitors year-round. To explore this investment opportunity further, interested parties can access detailed planning documents through the East Lindsey District Council website or view them at the agent's office in Skegness. Given the potential growth in tourism and demand for holiday accommodations in this region, this plot stands out as a promising investment choice. Viewing is available by appointment only through the designated office.

Investment Analysis

(PE25 area)
Area Average
£204/sq ft
Avg Rent (weekly)
£141
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
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

Roman Bank, Skegness
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£238
Based on a loan of £48,750 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