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Summer Gates Lane, Bratoft, Skegness - Image 1
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Summer Gates Lane, Bratoft, Skegness

East of England

£250,000
Listed on 31/12/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1266 sqft

Description

This detached bungalow is ideally located in the tranquil village of Bratoft, known for its rural charm and proximity to the coast. Set on a generous plot with established gardens that overlook picturesque countryside, the property includes two reception rooms, a utility space, an outbuilding/store, and a garage, all providing ample opportunities for renovation. While it is currently offered with no onward chain, prospective buyers may find great potential in updating and modernizing the interior. Key features include a welcoming entrance hallway with storage, a lounge with patio doors leading to the rear patio area, and a functional kitchen equipped with base and wall units. The two bedrooms offer comfortable spaces for rest, while the bathroom has basic amenities needing modernization. The outdoor areas comprise mature trees and shrubs alongside lawned sections—ideal for landscaping enhancements. With solid foundations already in place, this property offers an exciting chance for investment through refurbishment.

Investment Analysis

(PE24 area)

Below Market Value

This property is priced -13.4% below area average per sq ft

-13.4%
Potential saving
This Property
£197/sq ft
Area Average
£228/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£317,374
10% above area average per sq ft
Potential ROI
+9.4%
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
36%
Properties sold annually

Local Market Trend (PE24)

Area prices are rising by +6.7% over the last 12 months
3 year growth: -1.5%
5 year growth: 32.0%
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

Summer Gates Lane, Bratoft, 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
£916
Based on a loan of £187,500 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