Park Avenue, Skegness, PE25
BE

Park Avenue, Skegness, PE25

By Beam Estate Agents

£ 550,000

Reviews

3 out of 5 stars

Beam Estate Agents says ..

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 ...

Property Oracle says ..

This property in Skegness, Lincolnshire, presents as a multi-unit residential investment opportunity. The listing describes the property as comprising three 1-bedroom apartments, a 3-bedroom maisonette, and a separate detached cottage – offering notable potential rental income. Its location on Park Avenue offers proximity to Skegness town center, good schools, and transport links – all valuable attributes for renters and potential buyers. The exterior of the property is well-maintained and shows an overall attractive aesthetic. The absence of information on the interior and the property’s overall dimensions (no square footage listed) significantly limits a comprehensive evaluation. The given list price needs contextualization with detailed property specifics (square footage, condition of the interior, rental income history, if applicable) to ascertain its accuracy. Without these additional details, a conclusive assessment of value-for-money is difficult. The images shown suggest a well-presented property; however, a thorough survey is recommended to identify any potential structural issues or maintenance requirements prior to making a purchase decision. The property appears to be suitable for investors looking for multiple units in a location that has proximity to town centre amenities and schools. Further research into rental potential and a thorough property survey are needed before a sound investment decision can be made.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
8
Location
7
Land
4
Bedrooms
7
Bathrooms
5

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
159,658.00 £
Decreased by 16.15 %
from 190,413.00 £
Average area rental value
633.00 £/mo
Increased by 17.44 %
from 539.00 £/mo
Est rental Yield
4.76 %
Increased by 40.00 %
from 3.40 %
Crime Rate
6.00 %
Unchanged by 0.00 %
from 6.00 %

Agent Activity

  • Beam Estate Agents created the listing.

Nearby Schools

NameTypeOfstedDistance
Skegness Junior AcademyAcademy Sponsor LedGood0.79 KM
Skegness Infant AcademyAcademy ConverterGood0.92 KM
Skegness Grammar SchoolAcademy ConverterGood1.13 KM
Seathorne Primary AcademyAcademy Converter1.32 KM
Skegness AcademyAcademy Sponsor LedRequires improvement1.49 KM

Images

front cottage at side front front side

Nearby Streets

NameAverage PriceAverage SqftDistance
Grand Parade £ 142,50000.00 KM
St Annes Close £ 000.00 KM
Talbot Road £ 000.00 KM
Briar Close £ 000.00 KM
Scrimshaw Court £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Skegness6265SKG1.37 KM
Havenhouse6260HVN8.82 KM

Nearby Listings

AddressPriceTypeScoreDistance
Park Avenue, Skegness, PE25 £ 550,000BUY6 / 100.00 KM
Sea View Road, Skegness, PE25 £ 180,000BUY6 / 100.00 KM
Park Avenue, Skegness, PE25 £ 225,000BUY6 / 100.10 KM
Park Avenue, Skegness £ 250,000BUY6 / 100.11 KM
Park Avenue, Skegness, PE25 £ 340,000BUY7 / 100.11 KM

Nearby Properties

AddressPriceDistance
21 Sea View Road £ 95,0000.01 KM
25 Sea View Road £ 37,0000.01 KM
24 Sea View Road £ 248,6150.01 KM
31 Sea View Road £ 135,0000.01 KM
61 Sunningdale Drive £ 192,0000.10 KM