Way, Skegness, Lincolnshire, PE25
Platform Housing Group logo

Way, Skegness, Lincolnshire, PE25

By Platform Housing Group

£ 43,750

Reviews

2 out of 5 stars

Platform Housing Group says ..

Did you know, you may only need a deposit from just £2,187 with Shared Ownership? Would you like to own your own home but find you're struggling to afford a home on the open market?

Property Oracle says ..

This property, located in Skegness, Lincolnshire, is a two-bedroom, one-bathroom terraced house listed under a shared ownership scheme. The list price of £43,750 is markedly lower than average prices for similar properties in the immediate vicinity, reflecting the benefits of the shared ownership model where the buyer only purchases a share of the property. The property appears to be newly built or recently renovated, with modern features, fixtures, and finishes throughout, evidenced by the high-quality images. The interior is contemporary and well-presented. However, a key drawback is the absence of a garden or any significant outdoor space. The location is suitable for those seeking amenities close to the sea and town center. Schools and transportation links are reasonably nearby. However, the town might be too quiet or lack opportunities for some buyers. Overall, it’s a potentially good entry point into the property market or for those seeking a manageable, low-maintenance home in a coastal location, although the lack of land and the shared ownership aspect should be considered. The property’s appeal rests heavily on the shared ownership affordability factor, modern condition, and decent location.

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
7
Condition
9
Location
6
Land
1
Bedrooms
2
Bathrooms
1
Sqft (est)
769.62

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
65,417.70 £
Decreased by 62.39 %
from 173,934.12 £
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
17.00 %
Unchanged by 0.00 %
from 17.00 %

Agent Activity

  • Platform Housing Group marked this listing as sold.

  • Platform Housing Group created the listing.

Nearby Schools

NameTypeOfstedDistance
The Viking SchoolOther Independent SchoolRequires improvement1.44 KM
Beacon Primary AcademyAcademy Sponsor LedGood1.68 KM
Skegness AcademyAcademy Sponsor LedRequires improvement1.73 KM
Skegness Grammar SchoolAcademy ConverterGood2.07 KM
Skegness Infant AcademyAcademy ConverterGood2.32 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Maxwell Road £ 59,50000.00 KM
Rowland Way £ 000.00 KM
Clarke Way £ 200,00000.00 KM
Mowbray Close £ 000.00 KM
The Meadows £ 149,95000.00 KM

Nearby Transport

NameNLCTLCDistance
Skegness6265SKG2.20 KM
Havenhouse6260HVN5.99 KM

Nearby Listings

AddressPriceTypeScoreDistance
Way, Skegness, Lincolnshire, PE25 £ 43,750BUY5 / 100.00 KM
Way, Skegness, Lincolnshire, PE25 £ 61,250BUYUnknown0.00 KM
Maxwell Road, Skegness, Lincolnshire, PE25 £ 51,250BUY6 / 100.05 KM
Maxwell Road, Skegness, Lincolnshire, PE25 £ 75,250BUYUnknown0.05 KM
Maxwell Road, Skegness, Lincolnshire, PE25 £ 75,250BUYUnknown0.05 KM

Nearby Properties

AddressPriceDistance
16 The Meadows £ 113,0000.38 KM
12 The Meadows £ 99,0000.38 KM
10 The Meadows £ 120,0000.38 KM
6 The Meadows £ 38,0000.38 KM
10 Harvest Way £ 47,5000.43 KM