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 %
- Est sale value
- 42,269.65 £Decreased by 62.39 %
- Average area rental value
- 993.00 £/moIncreased by 57.37 %
- Est letting value
- 0.00 £/mo
- Est rental Yield
- 11.15 %Increased by 259.68 %
- Crime Rate
- 4.00 %Unchanged by 0.00 %
Agent Activity
Newton Fallowell marked this listing as sold.
Newton Fallowell created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| The Viking School | Other Independent School | Requires improvement | 0.20 KM |
| Skegness Academy | Academy Sponsor Led | Requires improvement | 0.38 KM |
| Skegness Grammar School | Academy Converter | Good | 0.56 KM |
| Beacon Primary Academy | Academy Sponsor Led | Good | 0.58 KM |
| Skegness Infant Academy | Academy Converter | Good | 0.80 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| St Clement's Road | £ 100,000 | 0 | 0.00 KM |
| Graham Road | £ 170,000 | 0 | 0.00 KM |
| The Close | £ 0 | 0 | 0.00 KM |
| Grantham Drive | £ 0 | 0 | 0.00 KM |
| Scrimshaw Court | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Skegness | 6265 | SKG | 0.82 KM |
| Havenhouse | 6260 | HVN | 7.22 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Lincoln Road, Skegness, PE25 | £ 40,000 | BUY | 5 / 10 | 0.00 KM |
| Lincoln Road, Skegness, Lincolnshire, PE25 2DN | £ 135,000 | BUY | 6 / 10 | 0.06 KM |
| Clifford Road, Skegness, PE25 | £ 225,000 | BUY | 7 / 10 | 0.14 KM |
| Lincoln Road, Skegness | £ 175,000 | BUY | Unknown | 0.18 KM |
| Church Road North, SKEGNESS | £ 200,000 | BUY | 6 / 10 | 0.25 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 99 Lincoln Road | £ 105,000 | 0.00 KM |
| 115 Lincoln Road | £ 90,000 | 0.00 KM |
| 105 Lincoln Road | £ 120,000 | 0.00 KM |
| 107 Lincoln Road | £ 122,500 | 0.02 KM |
| 95 Lincoln Road | £ 120,000 | 0.02 KM |