Summary - 17 MAEGAN WAY CLEETHORPES DN35 8EW
2 bed 1 bath Apartment
Cash-friendly renovation opportunity close to Cleethorpes seafront and amenities.
Ground-floor 2-bedroom apartment with private rear garden
This ground-floor, two-bedroom apartment sits in Cleethorpes and offers clear uplift potential for a buyer prepared to renovate. The layout includes a living room with adjacent kitchen, two bedrooms, bathroom, direct access to a private rear garden and a separate garage in a nearby block. Video viewing is available.
Important: the property is leasehold with only 44 years remaining. Many mortgage lenders may refuse to lend against short leases, so this is best suited to a cash buyer or someone who can arrange specialist financing. The flat requires modernisation throughout; expect works to kitchens, bathrooms and general decoration.
Location strengths include easy access to the Cleethorpes resort, local schools rated Good, fast broadband and excellent mobile signal. Downsides to factor into any purchase are the area's high crime levels and significant local deprivation, which can affect resale and rental demand. Council tax is very low, which reduces ongoing costs.
Overall, the apartment is a straightforward renovation project with outdoor space and garage — a practical option for an investor seeking a value-add buy or a cash purchaser aiming for an affordable seaside-base. Buyers must prioritise lease extension feasibility and factor renovation and local area realities into their plans.
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