Lincoln Road, Skegness, PE25
NE

Lincoln Road, Skegness, PE25

By Newton Fallowell

£ 40,000

Reviews

2 out of 5 stars

Newton Fallowell says ..

BUILDING PLOT WITH FULL PLANNING FOR A 2 BEDROOM DETACHED HOUSE in a great location close to town. 3 phase electric understood to be in situ, dropped kerb and access installed.

Property Oracle says ..

This property on Lincoln Road, Skegness, presents a unique opportunity for buyers seeking a project. At a list price of £40,000, it’s significantly less expensive than comparable properties in the area. The location is advantageous, close to amenities, schools and a train station. However, potential buyers should be aware that the property requires extensive renovation. The current state of the garden is notably poor, requiring considerable landscaping. The house itself shows in the plans a compact yet functional layout, but it needs modernisation. While the low price offers great potential for profit after refurbishment, it’s crucial to factor in the considerable cost of renovation, and to allow for potential unexpected issues during the refurbishment process. The lack of precise plot size information also hinders a complete assessment of value. The low price might reflect the significant work required, and any offers should reflect the scale of renovation needed to achieve a marketable property.

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
5
Bedrooms
2
Bathrooms
1
Sqft (est)
497.29

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
106,875.00 £
Decreased by 56.21 %
from 244,045.00 £
Est sale value
42,269.65 £
Decreased by 62.39 %
from 112,387.54 £
Average area rental value
993.00 £/mo
Increased by 57.37 %
from 631.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
11.15 %
Increased by 259.68 %
from 3.10 %
Crime Rate
4.00 %
Unchanged by 0.00 %
from 4.00 %

Agent Activity

  • Newton Fallowell marked this listing as sold.

  • Newton Fallowell created the listing.

Nearby Schools

NameTypeOfstedDistance
The Viking SchoolOther Independent SchoolRequires improvement0.20 KM
Skegness AcademyAcademy Sponsor LedRequires improvement0.38 KM
Skegness Grammar SchoolAcademy ConverterGood0.56 KM
Beacon Primary AcademyAcademy Sponsor LedGood0.58 KM
Skegness Infant AcademyAcademy ConverterGood0.80 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
St Clement's Road £ 100,00000.00 KM
Graham Road £ 170,00000.00 KM
The Close £ 000.00 KM
Grantham Drive £ 000.00 KM
Scrimshaw Court £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Skegness6265SKG0.82 KM
Havenhouse6260HVN7.22 KM

Nearby Listings

AddressPriceTypeScoreDistance
Lincoln Road, Skegness, PE25 £ 40,000BUY5 / 100.00 KM
Lincoln Road, Skegness, Lincolnshire, PE25 2DN £ 135,000BUY6 / 100.06 KM
Clifford Road, Skegness, PE25 £ 225,000BUY7 / 100.14 KM
Lincoln Road, Skegness £ 175,000BUYUnknown0.18 KM
Church Road North, SKEGNESS £ 200,000BUY6 / 100.25 KM

Nearby Properties

AddressPriceDistance
99 Lincoln Road £ 105,0000.00 KM
115 Lincoln Road £ 90,0000.00 KM
105 Lincoln Road £ 120,0000.00 KM
107 Lincoln Road £ 122,5000.02 KM
95 Lincoln Road £ 120,0000.02 KM