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Saxby Avenue Skegness PE25 3LG

East of England

£240,000
Listed on 06/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1936 sqft

Description

This substantial detached house offers significant renovation potential, ideal for buyers looking to invest in a property that can be tailored to meet modern standards. Located conveniently to the south of the town centre, this four/five-bedroom home is just a short walk from the seafront and local amenities, with easy access to public transport. The internal layout includes an entrance hallway, cloakroom, spacious lounge with a feature fireplace, dining room, fitted kitchen leading to a conservatory, and a ground floor bedroom with an adjoining dressing room and wet room. Upstairs, you'll find four additional bedrooms and a family bathroom. Externally, off-road parking is available at the front while the rear garden is primarily paved with areas suitable for landscaping or outdoor living enhancements. The property benefits from gas central heating on the ground floor and some electric heating upstairs, alongside double glazing throughout. This home presents a blank canvas for those wishing to undertake medium refurbishment work, reflected in its asking price without any chain complications.

Investment Analysis

(PE25 area)

Below Market Value

This property is priced -39.1% below area average per sq ft

-39.1%
Potential saving
This Property
£124/sq ft
Area Average
£204/sq ft
Avg Rent (weekly)
£141
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£433,587
10% above area average per sq ft
Potential ROI
+54.9%
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

Saxby Avenue Skegness PE25 3LG
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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
£879
Based on a loan of £180,000 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