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Park Avenue, Skegness

East of England

£250,000
Listed on 25/03/2026

Property Details

Bedrooms
4
Type
House
Area
1445 sqft

Description

This traditional detached home is situated in a sought-after area of Skegness, just a stone's throw from the beach and local amenities. The property boasts generous living spaces, including a sizable lounge and dining area, kitchen with dining space, utility room, and four bedrooms. While the house presents an opportunity for modernization, it is ideal for those looking to personalize their living environment. The absence of an onward chain simplifies potential ownership. Outdoors, you will find a concrete driveway leading to a manageable garden bordered by solid brick walls. The interior features include a welcoming hallway, various storage options, and double-glazed windows in key areas. Each of the four bedrooms offers ample space for comfortable living. A utility/pantry provides practical storage solutions and plumbing facilities while the rear garden benefits from additional outbuildings suitable for storage or further development. With an energy performance rating of 'F', there is potential to improve this further during renovation.

Investment Analysis

(PE25 area)

Below Market Value

This property is priced -14.4% below area average per sq ft

-14.4%
Potential saving
This Property
£173/sq ft
Area Average
£202/sq ft
Avg Rent (weekly)
£144
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£321,158
10% above area average per sq ft
Potential ROI
+10.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (PE25)

Area prices are falling by -4.5% over the last 12 months
3 year growth: -4.1%
5 year growth: +12.4%
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

Park Avenue, 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
£902
Based on a loan of £187,500 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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