North Parade, SKEGNESS
By Bagshaws Residential
£ 550,000
Reviews
2 out of 5 stars
Bagshaws Residential says ..
AUCTION SALE 18 November 2025 - • A block of 11 apartments close to the sea front• Mixture of ASTs & holiday lets• A very popular location offering an attractive annual income
Property Oracle says ..
This is a substantial block of apartments located on North Parade in Skegness. The property boasts 20 bedrooms and 10 bathrooms, making it a potentially lucrative investment opportunity. However, the interior photos reveal that the property is in need of significant renovation. The bathrooms and kitchens appear dated, and the overall decor could benefit from modernization. While the location on North Parade is desirable, offering proximity to the seafront and local amenities, the limited outdoor space may be a drawback for some potential buyers. The Skegness train station is conveniently located 1.28 km away. Considering the size and location, the asking price of £550,000 seems reasonable, especially for investors willing to undertake the necessary renovations to unlock the property’s full potential.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 4
- Location
- 7
- Land
- 3
- Bedrooms
- 20
- Bathrooms
- 10
- Sqft (est)
- 2,560.00
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 159,658.00 £Decreased by 16.15 %
- Est sale value
- 483,840.00 £Increased by 155.41 %
- Average area rental value
- 633.00 £/moIncreased by 17.44 %
- Est letting value
- 0.00 £/mo
- Est rental Yield
- 4.76 %Increased by 40.00 %
- Crime Rate
- 29.00 %Unchanged by 0.00 %
Agent Activity
Bagshaws Residential created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Skegness Junior Academy | Academy Sponsor Led | Good | 0.94 KM |
| Skegness Infant Academy | Academy Converter | Good | 1.03 KM |
| Skegness Grammar School | Academy Converter | Good | 1.28 KM |
| The Richmond School, Skegness | Community School | Requires improvement | 1.49 KM |
| Skegness Academy | Academy Sponsor Led | Requires improvement | 1.71 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Grand Parade | £ 142,500 | 0 | 0.00 KM |
| Briar Close | £ 0 | 0 | 0.00 KM |
| Beresford Close | £ 130,000 | 0 | 0.00 KM |
| Beresford Crescent | £ 0 | 0 | 0.00 KM |
| Talbot Road | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Skegness | 6265 | SKG | 1.28 KM |
| Havenhouse | 6260 | HVN | 8.76 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| North Parade, SKEGNESS | £ 600,000 | BUY | 5 / 10 | 0.00 KM |
| North Parade, Skegness | £ 600,000 | BUY | 3 / 10 | 0.00 KM |
| North Parade, SKEGNESS | £ 550,000 | BUY | 5 / 10 | 0.00 KM |
| Glentworth Crescent, Skegness, PE25 | £ 325,000 | BUY | 6 / 10 | 0.13 KM |
| Glentworth Crescent, Skegness, PE25 | £ 289,950 | BUY | 7 / 10 | 0.13 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 4 Castleton Boulevard | £ 260,000 | 0.10 KM |
| 16 Castleton Boulevard | £ 160,000 | 0.10 KM |
| 12 Castleton Boulevard | £ 55,000 | 0.10 KM |
| 28 Glentworth Crescent | £ 183,000 | 0.15 KM |
| 16 Glentworth Crescent | £ 177,000 | 0.15 KM |