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Seabank Cottage, Queens Drive, Skegness, PE25 1RE - Image 1
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Seabank Cottage, Queens Drive, Skegness, PE25 1RE

East of England

£155,000
Listed on 30/03/2026

Property Details

Bedrooms
4
Type
Detached

Description

This detached freehold building presents a noteworthy opportunity for developers and builders, situated on an expansive site of approximately 1439.59sqm. Currently configured as two separate two-bedroom flats, the property is ripe for renovation and modernization, providing ample scope for enhancement or potential extension to maximize its value. Benefitting from off-street parking and surrounding gardens, this property is conveniently located near the amenities of Seathorne and Skegness. With the property being vacant, it offers immediate access for interested parties to begin their renovation plans.

Investment Analysis

(PE25 area)
Area Average
£203/sq ft
Avg Rent (weekly)
£150
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £70,000
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
8%
Properties sold annually

Local Market Trend (PE25)

Area prices are falling by -3.2% over the last 12 months
3 year growth: -2.3%
5 year growth: +14.0%
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

Seabank Cottage, Queens Drive, Skegness, PE25 1RE
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£549
Based on a loan of £116,250 over 30 years at 3.91% 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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