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Hoylake Drive, Skegness, Lincolnshire, PE25 1AB - Image 1
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Hoylake Drive, Skegness, Lincolnshire, PE25 1AB

East of England

£245,000

Listed on 04/06/2026

Property Details

Bedrooms
4
Type
Semi Detached
Area
1418 sqft

Description

This four-bedroom semi-detached house offers a blend of historical charm and modern potential, making it an appealing investment for those with a vision for renovation. Retaining original features throughout, the property is located in a neighborhood known for its similarly styled homes and is conveniently situated near local amenities, including schools and the seafront. The layout includes an entrance porch leading to a hallway, a spacious lounge with a feature fireplace, and a dining room filled with natural light from multiple windows. The kitchen boasts modern fittings but could benefit from cosmetic updates to truly shine. An adjoining garden room opens out to the sizable rear garden, which presents opportunities for landscaping or extensions (subject to planning). The first floor hosts four bedrooms, including a master suite with an ensuite bathroom, alongside a family bathroom that may require some refurbishment. Additionally, the garage needs attention but adds further value and utility to the property. The extensive driveway enhances parking availability—a rare asset in this area. This home requires moderate refurbishment focused on updating interiors while capitalizing on its strong structural foundation and desirable location.

Investment Analysis

(PE25 area)

Below Market Value

This property is priced -14.3% below area average per sq ft

-14.3%
Potential saving
This Property
£173/sq ft
Area Average
£202/sq ft
Avg Rent (weekly)
£150
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£314,456
10% above area average per sq ft
Potential ROI
+10.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PE25)

Area prices are stable by +0.5% over the last 12 months
3 year growth: -1.3%
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

Hoylake Drive, Skegness, Lincolnshire, PE25 1AB
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£926
Based on a loan of £183,750 over 30 years at 4.45% 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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