Flat 2, Ellis Court, Cavendish Road, Skegness, PE25 2QP - Image 1

Flat 2, Ellis Court, Cavendish Road, Skegness, PE25 2QP - Image 2

Flat 2, Ellis Court, Cavendish Road, Skegness, PE25 2QP - Image 3

Flat 2, Ellis Court, Cavendish Road, Skegness, PE25 2QP - Image 4

Flat 2, Ellis Court, Cavendish Road, Skegness, PE25 2QP

East of England

£40,000

Listed on 29/06/2026

Property details

Bedrooms

Type

Ground Flat

Area

495 sqft

Description

This two-bedroom ground floor flat presents a unique investment opportunity within the popular coastal resort of Skegness. Positioned conveniently close to the seafront and town centre, this property could serve as an ideal holiday retreat or rental asset. The interior requires a program of refurbishment, offering the potential for customization to suit your tastes and maximize its appeal to future tenants or holidaymakers. The layout includes an entrance hall, kitchen, lounge, two bedrooms, and a bathroom, all equipped with gas central heating and mostly UPVC double glazing. This property is a blank canvas ready for new owners looking to enhance its value through renovation.

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Investment analysis

(PE25 area)

Below Market Value

This property is priced -59.9% below area average per sq ft

-59.9%

Potential saving

This Property

£81/sq ft

Area Average

£201/sq ft

Avg Rent (weekly)

£142

Avg Yield

3.4%

Renovation Potential

Medium Refurb

Est. Renovation Cost

£15,000 - £25,000

Target Value

£109,690

10% above area average per sq ft

Potential ROI

+68.8%

After renovation

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

Average per month

Market Turnover

Properties sold annually

Local Market Trend (PE25)

Area prices are stable by +1.4% over the last 12 months

3 year growth: -1.2%

5 year growth: +13.6%

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

Flat 2, Ellis Court, Cavendish Road, Skegness, PE25 2QP

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Mortgage calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments

£151

Based on a loan of £30,000 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.