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

East Midlands

£40,000
Listed on 23/07/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property is a freehold detached building, previously utilized as a place of worship, offering substantial renovation and investment potential. While it requires comprehensive modernization throughout, the property stands as a blank canvas ready for creative redevelopment or alternative uses, pending appropriate planning permissions. Situated in the coastal town of Skegness, this location benefits from being within easy walking distance to the sandy beach and various seaside attractions. The town center is nearby, featuring a variety of shops, cafes, restaurants, and bars that enhance the vibrant community atmosphere. Additionally, excellent transportation links are available just a short stroll away, with bus and train stations providing access to surrounding villages and towns such as Burgh Le Marsh and Ingoldmells, as well as larger cities including Boston and Lincoln. The main interior space measures approximately 29' x 23' 2" (8.84m x 7.06m), allowing for versatile usage possibilities. Prospective buyers should conduct thorough inquiries regarding potential development avenues with East Lindsey District Council to explore how this property can be transformed to suit various needs. As this building is currently vacant and in need of significant work, it presents an opportunity for those looking to invest in a property that can be shaped into something unique. Interested parties should be mindful to conduct their own inspections and assessments on-site during daylight hours for safety considerations.

Investment Analysis

(PE25 area)
Area Average
£207/sq ft
Avg Rent (weekly)
£146
Avg Yield
3.1%

Renovation Potential

Est. Renovation Cost
£4,000 - £10,000
10-25% of property value
Monthly Sales
17
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (PE25)

Area prices are stable by +0.3% over the last 12 months
3 year growth: 0.4%
5 year growth: 17.2%
Investment Disclaimer: Analysis based on PE25 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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
Map showing location of Prince George Street, Skegness PE25
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