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Station Road, Burgh Le Marsh, Skegness, Lincolnshire, PE24 5EL

East of England

£290,000
Listed on 13/04/2026

Property Details

Bedrooms
6
Type
Detached
Area
2966 sqft

Description

This spacious property boasts significant renovation potential, making it an appealing investment opportunity. The entrance porch leads into a hallway featuring exposed beams and ample storage options beneath the staircase. The expansive sitting room and lounge, both adorned with leaded glazed windows and open fireplaces, offer inviting spaces that could benefit from modernization while retaining their character. The dining room is highlighted by an inglenook fireplace with a wood-burning stove, setting a cozy ambiance for entertaining. The kitchen comes equipped with base units and granite surfaces, though it may require updates to meet contemporary standards. The utility room and boot room provide practical amenities that could be enhanced further. A cloakroom on the ground floor adds convenience. Upstairs, six well-sized bedrooms feature built-in storage, allowing for personalized touches or improvements. Both the shower room and bathroom are functional yet could be refreshed to elevate comfort and style. Externally, the property sits within approximately 0.45 acres of lush grounds, offering ample space for extensions or landscaping enhancements. Notably, there is existing planning permission for the erection of a detached house in the garden area, providing additional development prospects for astute investors. With several outbuildings including a garage and multiple storage rooms adding valuable utility to the property, this home presents an exciting renovation project in an attractive location in the East of England.

Investment Analysis

(PE24 area)

Below Market Value

This property is priced -56.3% below area average per sq ft

-56.3%
Potential saving
This Property
£98/sq ft
Area Average
£224/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£729,191
10% above area average per sq ft
Potential ROI
+97.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PE24)

Area prices are stable by +0.9% over the last 12 months
3 year growth: -4.4%
5 year growth: +20.3%
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

Station Road, Burgh Le Marsh, Skegness, Lincolnshire, PE24 5EL
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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
£1,027
Based on a loan of £217,500 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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