1 /5
£550,000
Park Avenue, Skegness, PE25
- 7 beds
£550,000
- 7 beds
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Estimate monthly mortgage payment:
£2,511 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£27,500
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A large, superbly positioned versatile property offering an excellent investment opportunity. It consists of a main block containing THREE 1 bedroom apartments + a 3 bedroom MAISONETTE and a separate adjacent DETACHED COTTAGE with its own courtyard. Each flat/apartment is independent and has its own heating & services and all are double glazed. Outside there are low maintenance, stone chipped gardens/parking as well as a block paved driveway/off road parking for the cottage. The property has overall been improved, upgraded and very well maintained throughout - meeting all current regulations. All the properties are currently occupied on assured shorthold tenancies making this an exceptional investment, with the potential/added options for holiday let/AirBnB (subject to relevant planning) . The location is ideal - a few steps from the sea front & beach as well as North Shore golf course & hotel, with the town centre, shops, amenities and amusements only around 25 mins walk away. The current gross yield equates to approx 6%.
Detached Cottage/Bungalow: , Consists of:
Lounge/Kitchen
Double Bedroom
Bathroom
Outside, private courtyard & driveway
Gas central heating & uPVC double glazing
Main Building: , Consists of:-
2 ground floor apartments - with
Kitchen/Lounge
Bedroom
Bath/shower room
1 First Floor apartment - with
Kitchen
Lounge
Bedroom
Bath/shower room
1 spacious maisonette arranged over the first & second floor :- with
Kitchen/Dining/Lounge
Cloakroom/wc
& 1 Bedroom all on the first floor with
2 further bedrooms on the second floor
All apartments have electric heating & double glazing
Outside: , The property is surrounded by low maintenance slate chipped gardens with space for off road parking. There is also a block paved driveway/off road parking in front of the cottage.
Detached Cottage/Bungalow: , Consists of:
Lounge/Kitchen
Double Bedroom
Bathroom
Outside, private courtyard & driveway
Gas central heating & uPVC double glazing
Main Building: , Consists of:-
2 ground floor apartments - with
Kitchen/Lounge
Bedroom
Bath/shower room
1 First Floor apartment - with
Kitchen
Lounge
Bedroom
Bath/shower room
1 spacious maisonette arranged over the first & second floor :- with
Kitchen/Dining/Lounge
Cloakroom/wc
& 1 Bedroom all on the first floor with
2 further bedrooms on the second floor
All apartments have electric heating & double glazing
Outside: , The property is surrounded by low maintenance slate chipped gardens with space for off road parking. There is also a block paved driveway/off road parking in front of the cottage.
Your estimated purchase costs
Find out how much it will cost to purchase this property.
Stamp Duty tax
These figures are estimates and are provided for guidance only
Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£6,250
Mortgage and legal costs:
£999
HomeBuyer Service - Everything you need to purchase this property all in one place
- Mortgage advice and application
- Conveyancing fee
- Homebuyer protection insurance
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Property details
£550,000
7 bed house for sale
Park Avenue, Skegness, PE25
A large, superbly positioned versatile property offering an excellent investment opportunity. It consists of a main block containing THREE 1 bedroom apartments + a 3 bedroom MAISONETTE and a separate adjacent DETACHED COTTAGE with its own courtyard. Each flat/apartment is independent and has its own heating & services and all are double glazed. Outside there are low maintenance, stone chipped gardens/parking as well as a block paved driveway/off road parking for the cottage. The property has overall been improved, upgraded and very well maintained throughout - meeting all current regulations. All the properties are currently occupied on assured shorthold tenancies making this an exceptional investment, with the potential/added options for holiday let/AirBnB (subject to relevant planning) . The location is ideal - a few steps from the sea front & beach as well as North Shore golf course & hotel, with the town centre, shops, amenities and amusements only around 25 mins walk away. The current gross yield equates to approx 6%.
Detached Cottage/Bungalow: , Consists of:
Lounge/Kitchen
Double Bedroom
Bathroom
Outside, private courtyard & driveway
Gas central heating & uPVC double glazing
Main Building: , Consists of:-
2 ground floor apartments - with
Kitchen/Lounge
Bedroom
Bath/shower room
1 First Floor apartment - with
Kitchen
Lounge
Bedroom
Bath/shower room
1 spacious maisonette arranged over the first & second floor :- with
Kitchen/Dining/Lounge
Cloakroom/wc
& 1 Bedroom all on the first floor with
2 further bedrooms on the second floor
All apartments have electric heating & double glazing
Outside: , The property is surrounded by low maintenance slate chipped gardens with space for off road parking. There is also a block paved driveway/off road parking in front of the cottage.
Detached Cottage/Bungalow: , Consists of:
Lounge/Kitchen
Double Bedroom
Bathroom
Outside, private courtyard & driveway
Gas central heating & uPVC double glazing
Main Building: , Consists of:-
2 ground floor apartments - with
Kitchen/Lounge
Bedroom
Bath/shower room
1 First Floor apartment - with
Kitchen
Lounge
Bedroom
Bath/shower room
1 spacious maisonette arranged over the first & second floor :- with
Kitchen/Dining/Lounge
Cloakroom/wc
& 1 Bedroom all on the first floor with
2 further bedrooms on the second floor
All apartments have electric heating & double glazing
Outside: , The property is surrounded by low maintenance slate chipped gardens with space for off road parking. There is also a block paved driveway/off road parking in front of the cottage.