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Prince George Street, Skegness PE25 - Image 1
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Prince George Street, Skegness PE25

East of England

£40,000
Listed on 06/02/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This freehold detached property, previously a place of worship, offers a unique opportunity for renovation and repurposing in the vibrant seaside town of Skegness. While the building requires significant modernization throughout, its central location presents an appealing prospect for potential development or alternative uses, pending necessary planning permissions. The property is vacant and is situated within walking distance of sandy beaches, shops, cafes, restaurants, and bars. Accessibility is enhanced by its proximity to bus and train stations connecting to nearby towns including Burgh Le Marsh and Ingoldmells. This setting not only makes it ideal for transformation but also positions it as a potential asset in a burgeoning holiday destination.

Investment Analysis

(PE25 area)
Area Average
£202/sq ft
Avg Rent (weekly)
£135
Avg Yield
3.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (PE25)

Area prices are falling by -4.6% over the last 12 months
3 year growth: -4.0%
5 year growth: +13.0%
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

Prince George Street, Skegness PE25
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Mortgage Calculator

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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£144
Based on a loan of £30,000 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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