Summary - FLAT 1, 17 NORTH PARADE, SKEGNESS PE25 2UB
19 bed 11 bath Flat
Multiple flats with parking and redevelopment potential in a busy coastal town.
Freehold block of 11 self-contained apartments on seafront
Some apartments offer sea views; rear parking and a garage included
Laundry, reception and rooftop external space used by owner
EPCs vary D–E; electric storage heating throughout
Cavity walls assumed with no insulation; retrofit likely required
Medium flood risk; building constructed 1930s–1940s
Very high local crime and very deprived area may affect yields
Sold at auction; guide price £550,000 and documentation charge applies
This Victorian seafront block of 11 self-contained apartments offers a clear buy-to-let or redevelopment opportunity for investors. Positioned on North Parade with some sea views, the building includes rear parking, a garage, communal laundry and a reception area — features that support multiple income streams or conversion plans.
Internally the apartments are a mix of one- and two-bedroom layouts with kitchens and shower/bathrooms; EPCs vary between D and E. The building dates from the 1930s–1940s and currently uses electric storage heaters. Walls are cavity-built with no assumed insulation, so heating efficiency and remedial insulation work should be factored into refurbishment costs.
Important practical considerations: the property will be sold at auction with a guide price of £550,000 and a documentation charge on completion. There is a medium flood risk, very high local crime levels and the area is recorded as very deprived — factors that will influence rental demand, insurance and management costs. Buyers should commission full surveys, check legal packs and budget for electrical, thermal and likely cosmetic upgrades.
For the right investor this block delivers seafront positioning, on-site parking and multiple flats in one sale — a portfolio entry with immediate letting or refurbishment potential, provided you allow for building works, safety checks and local market challenges.
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