Beam Estate Agents says ..

Property Oracle says ..

This property in Skegness, Lincolnshire, is presented as a block of apartments suitable for holiday letting. Its location close to the town centre and beach is a clear advantage, making it potentially attractive to holidaymakers. The proximity to Skegness train station also enhances accessibility. Several nearby schools are within walking distance, but their Ofsted ratings range from ‘Good’ to ‘Requires Improvement,’ requiring further investigation by potential buyers considering families.

The property’s condition, however, presents a mixed picture. The interior decor appears dated and in need of modernisation. The furniture in the photos shows some signs of wear and tear. The kitchen and bathroom fixtures could also benefit from updating. While the property appears structurally sound and reasonably maintained, a buyer will likely budget for renovations and upgrades.

The inclusion of a small garden adds some outdoor space, but it doesn’t appear to be expansive. Ultimately, the property’s value proposition depends heavily on its potential for holiday letting income. Skegness’ popularity as a seaside resort is key, the number of lettings and the income it generates would be crucial factors for a potential investor to consider. A complete property survey and local market analysis are strongly recommended before a final decision is made. The lack of square footage and plot size information for the property itself prevents a more detailed analysis of the price per square foot and its comparability with the local market. Further investigation into the exact number of self-contained apartments and their individual layouts and sizes is also essential for making a reasonable assessment.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images