Summary - GUERNSEY COURT FLAT 5 ROBIN HOOD ROAD SKEGNESS PE25 3QU
1 bed 1 bath Apartment
Cash-preferred, tenanted one-bed apartment with parking — online auction, immediate exchange available.
One-bedroom apartment, approximately 399 sq ft
A compact one-bedroom leasehold apartment in central Skegness offered as a tenanted investment via secure online auction with immediate exchange available. The flat measures around 399 sq ft and includes a lounge, breakfast kitchen, double bedroom and bathroom with electric shower. Off-street parking and double glazing are practical pluses for a city-centre let.
This is a cash-preferred opportunity aimed at investors seeking an income-producing asset. The property is currently tenanted, so purchase could deliver rental income quickly. Annual service charge is £400 and ground rent £70, while council tax is in the low Band A, helping to keep running costs modest.
There are material drawbacks buyers must accept. The lease has only 65 years remaining — many mortgage lenders will refuse finance, which limits the pool to cash buyers or specialist lenders. Heating is by electric room heaters (no central heating), which may affect tenant appeal and utility costs. The surrounding area is classified as very deprived with high local crime statistics, which can impact long-term capital growth and re-letting risk.
This will suit a cash investor able to manage short-lease issues (possible lease extension or long-term hold), comfortable with an urban rental market and willing to accept higher local management risk. The lot is sold via secure sale online bidding under set terms and conditions — check those carefully before bidding.
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