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Croft Bank, Croft, Skegness

East of England

£90,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
893 sqft

Description

This terrace house, located on the outskirts of Wainfleet, presents an appealing renovation opportunity for investors or those looking to create their ideal family home. With two spacious reception rooms and a generously sized rear garden, this property not only boasts desirable outdoor space but also comes with no onward chain. The layout includes a lounge with a bay window, a dining room featuring an open fireplace, and a kitchen equipped with base and wall units. Upstairs, you will find three bedrooms providing ample accommodation potential. An outbuilding is present for additional storage or workshop needs. The property's exterior features well-maintained grassy areas bordered by mature hedges, while the garage/store offers further utility but may require careful assessment due to its construction materials. This is a property ripe for modernization and refurbishment, perfect for someone looking to invest in home improvements or enhancements that could significantly increase value.

Investment Analysis

(PE24 area)

Below Market Value

This property is priced -55.2% below area average per sq ft

-55.2%
Potential saving
This Property
£101/sq ft
Area Average
£225/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£220,772
10% above area average per sq ft
Potential ROI
+92.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
55%
Properties sold annually

Local Market Trend (PE24)

Area prices are rising by +5.8% over the last 12 months
3 year growth: -0.5%
5 year growth: +29.6%
Investment Disclaimer: Analysis based on PE24 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

Croft Bank, Croft, 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
£325
Based on a loan of £67,500 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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