McGowan Housing says ..

Property Oracle says ..

This two-bedroom property in Skegness, Lincolnshire, is currently listed at £55,000. The property is located on Scarbrough Avenue, close to several schools (Skegness Junior Academy, Skegness Infant Academy, and Skegness Grammar School are all within a kilometer), which would be a significant plus point for families. Skegness railway station is also within reasonable walking distance which would make commuting easier for those who work outside of Skegness.

The property itself appears to be a basement flat, judging by the images provided. The living space is adequate, but it requires some upgrading. The provided photographs illustrate that it would benefit from cosmetic improvements and some repairs; there is wall damage and areas that require repainting. The kitchen has recently been renovated and is modern in contrast to the rest of the property. The bathroom also seems functional, but might also benefit from some minor updates to modernize it. The bedrooms are small and also require updating. There is also very little outdoor space, and the immediate surroundings in the rear photos do not present particularly attractive outdoor space.

The overall property presents an interesting opportunity, particularly for investors looking for a buy-to-let opportunity in a popular seaside town. However, it’s essential for any potential buyer to factor in the cost of improvements and repairs needed to raise the property up to a suitable standard. It is crucial for buyers to take an unbiased, informed look at the property, and the necessary costs involved, to determine if this is a viable option given their financial capacity and any other requirements they have.

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

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