Grosvenor Road, Skegness, PE25
By Beam Estate Agents
£ 225,000
Reviews
2 out of 5 stars
Beam Estate Agents says ..
An excellent investment opportunity, this three storey HMO offers SIX individually "letable" bedsits together with two communal kitchens (ground and first floor) and two shower rooms and separate w/cs. There is an enclosed rear garden. and a courtyard to the front of the property. Benef...
Property Oracle says ..
This property located on Grosvenor Road, Skegness, is a six-bedroom house presented as an HMO investment opportunity. Its proximity to schools and the train station is a significant advantage. The property is reasonably priced relative to other comparable houses in the street, though precise price-per-square foot analysis is not possible without knowing the exact square footage. The internal photos show that the property is habitable but requires some modernisation and renovation. The kitchens and bathrooms appear dated and require updates, and some internal repair/maintenance might be necessary to improve the overall presentation. The small rear garden is a modest bonus. Overall, this property presents an opportunity for an investor looking for a renovation project with potential for rental income. However, potential buyers should be prepared for some refurbishment costs. The lack of precise square footage data is a drawback which makes a more precise valuation difficult.
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
- 5
- Location
- 7
- Land
- 3
- Bedrooms
- 6
- Bathrooms
- 2
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 %
- Average area rental value
- 633.00 £/moIncreased by 17.44 %
- Est rental Yield
- 4.76 %Increased by 40.00 %
- Crime Rate
- 19.00 %Unchanged by 0.00 %
Agent Activity
Beam Estate Agents created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Skegness Infant Academy | Academy Converter | Good | 0.19 KM |
| Skegness Grammar School | Academy Converter | Good | 0.22 KM |
| Skegness Junior Academy | Academy Sponsor Led | Good | 0.32 KM |
| Skegness Academy | Academy Sponsor Led | Requires improvement | 0.65 KM |
| The Viking School | Other Independent School | Requires improvement | 0.79 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Scrimshaw Court | £ 0 | 0 | 0.00 KM |
| Talbot Road | £ 0 | 0 | 0.00 KM |
| The Close | £ 0 | 0 | 0.00 KM |
| Grantham Drive | £ 0 | 0 | 0.00 KM |
| Graham Road | £ 170,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Skegness | 6265 | SKG | 0.45 KM |
| Havenhouse | 6260 | HVN | 7.72 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Grosvenor Road, Skegness | £ 140,000 | BUY | 6 / 10 | 0.00 KM |
| Grosvenor Road, Skegness, PE25 2DD | £ 196,000 | BUY | 6 / 10 | 0.04 KM |
| Brunswick Drive, Skegness, PE25 | £ 125,000 | BUY | Unknown | 0.07 KM |
| Brunswick Drive, Skegness, PE25 | £ 145,000 | BUY | 7 / 10 | 0.07 KM |
| Brian Avenue, Skegness | £ 85,000 | BUY | 6 / 10 | 0.08 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 48 Grosvenor Road | £ 140,000 | 0.00 KM |
| 62 Grosvenor Road | £ 140,000 | 0.00 KM |
| 38 Grosvenor Road | £ 185,000 | 0.00 KM |
| 36 Grosvenor Road | £ 72,500 | 0.00 KM |
| 70 Grosvenor Road | £ 80,000 | 0.02 KM |