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£445,000

Buckthorn Avenue, Skegness, PE25

  • 7 beds
House

£445,000

  • 7 beds
House
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Estimate monthly mortgage payment:

£2,032 per month

Minimum deposit amount:

£22,250
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A large, superbly positioned versatile property, full of character and history, on the sea front, offering an excellent investment opportunity. It consists of a main building containing FOUR apartments (Two, 2 bedroom & two 1 bedroom) PLUS a separate adjacent DETACHED BUNGALOW/apartment with its own courtyard. Each apartment is independent and has its own heating & services and all are double glazed and have been upgraded and improved in recent years and would be considered well maintained throughout - meeting current regulations. Outside there is a wide expanse of parking offering a space for each apartment as well as established gardens providing dedicated areas for each. All apartments are currently occupied on assured shorthold tenancies making this an exceptional investment, with the potential/added options for holiday lets/AirBnB (subject to relevant planning). The location is ideal - a few steps from the sea front & beach as well as Seacroft golf course & Gibraltar Point nature reserve a cycle ride away. The town centre, shops, amenities and amusements are only around 20 mins walk away. The current gross yield equates to approx 7%.

Main Building: , Consists of:-

THE LILACS: , Ground Floor Flat


Kitchen: 5.00m x 2.82m (16'5" x 9'3")

Bathroom: 2.90m x 1.63m (9'6" x 5'4")

Lounge: 5.18m x 4.27m (17' x 14')

Inner Hall:

Bedroom One: 3.78m x 2.39m (12'5" x 7'10")

Bedroom Two: 2.59m x 2.26m (8'6" x 7'5")

WESTVIEW: , Ground Floor Flat (with front steps)

Hallway:

Shower Room: 1.83m x 1.57m (6' x 5'2")

Inner Hall:

Kitchen: 2.92m x 2.87m (9'7" x 9'5")

Lounge: 5.31m x 4.32m (17'5" x 14'2")

Bedroom: 5.03m x 2.92m (16'6" x 9'7")

THE PENTHOUSE: , First Floor Flat

Entrance Lobby: , With stairs to half landing and in turn the main landing/hallway

Landing/Hallway:

Cloakroom:

Lounge: 5.71m x 4.04m (18'9" x 13'3")

Kitchen: 4.01m x 2.97m (13'2" x 9'9")

Bedroom One: 3.96m x 3.66m (13' x 12')

En-Suite Shower Room:

Bedroom Two: 3.53m x 2.79m (11'7" x 9'2")

THE FIRS: , Ground Floor Flat (rear of building)

Lounge/Kitchen: 5.87m x 3.40m (19'3" x 11'2")

Bedroom: 4.22m x 2.59m (13'10" x 8'6")

En-Suite Shower Room:

WESTVIEW LODGE: , Detached bungalow

Lounge: 4.80m x 3.00m (15'9" x 9'10")

Kitchen: 3.84m x 1.55m (12'7" x 5'1")

Bedroom: 3.15m x 2.69m (10'4" x 8'10")

En-Suite Shower Room:

Outside: , The property is approached over an expansive gravelled driveway providing ample parking for a number of vehicles (at least one space per flat), with hedging and shrub borders to either side and a small lawned garden. Access leads along the side of the property to provide a further driveway or path leading to additional courtyard areas - currently divided up to provide each flat with its own dedicated garden area.

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Stamp Duty tax
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£1,000
Mortgage and legal costs:
£999
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Property details

£445,000

7 bed house for sale

Buckthorn Avenue, Skegness, PE25
A large, superbly positioned versatile property, full of character and history, on the sea front, offering an excellent investment opportunity. It consists of a main building containing FOUR apartments (Two, 2 bedroom & two 1 bedroom) PLUS a separate adjacent DETACHED BUNGALOW/apartment with its own courtyard. Each apartment is independent and has its own heating & services and all are double glazed and have been upgraded and improved in recent years and would be considered well maintained throughout - meeting current regulations. Outside there is a wide expanse of parking offering a space for each apartment as well as established gardens providing dedicated areas for each. All apartments are currently occupied on assured shorthold tenancies making this an exceptional investment, with the potential/added options for holiday lets/AirBnB (subject to relevant planning). The location is ideal - a few steps from the sea front & beach as well as Seacroft golf course & Gibraltar Point nature reserve a cycle ride away. The town centre, shops, amenities and amusements are only around 20 mins walk away. The current gross yield equates to approx 7%.

Main Building: , Consists of:-

THE LILACS: , Ground Floor Flat


Kitchen: 5.00m x 2.82m (16'5" x 9'3")

Bathroom: 2.90m x 1.63m (9'6" x 5'4")

Lounge: 5.18m x 4.27m (17' x 14')

Inner Hall:

Bedroom One: 3.78m x 2.39m (12'5" x 7'10")

Bedroom Two: 2.59m x 2.26m (8'6" x 7'5")

WESTVIEW: , Ground Floor Flat (with front steps)

Hallway:

Shower Room: 1.83m x 1.57m (6' x 5'2")

Inner Hall:

Kitchen: 2.92m x 2.87m (9'7" x 9'5")

Lounge: 5.31m x 4.32m (17'5" x 14'2")

Bedroom: 5.03m x 2.92m (16'6" x 9'7")

THE PENTHOUSE: , First Floor Flat

Entrance Lobby: , With stairs to half landing and in turn the main landing/hallway

Landing/Hallway:

Cloakroom:

Lounge: 5.71m x 4.04m (18'9" x 13'3")

Kitchen: 4.01m x 2.97m (13'2" x 9'9")

Bedroom One: 3.96m x 3.66m (13' x 12')

En-Suite Shower Room:

Bedroom Two: 3.53m x 2.79m (11'7" x 9'2")

THE FIRS: , Ground Floor Flat (rear of building)

Lounge/Kitchen: 5.87m x 3.40m (19'3" x 11'2")

Bedroom: 4.22m x 2.59m (13'10" x 8'6")

En-Suite Shower Room:

WESTVIEW LODGE: , Detached bungalow

Lounge: 4.80m x 3.00m (15'9" x 9'10")

Kitchen: 3.84m x 1.55m (12'7" x 5'1")

Bedroom: 3.15m x 2.69m (10'4" x 8'10")

En-Suite Shower Room:

Outside: , The property is approached over an expansive gravelled driveway providing ample parking for a number of vehicles (at least one space per flat), with hedging and shrub borders to either side and a small lawned garden. Access leads along the side of the property to provide a further driveway or path leading to additional courtyard areas - currently divided up to provide each flat with its own dedicated garden area.