Low-entry buy-to-let with immediate conversion and rental potential close to town.
Guide price £100,000–£120,000; auction sale, buyer registration required
This freehold detached house on Scarbrough Avenue is being sold at auction with no onward chain, presented as an investment-led opportunity. The property is currently arranged as two self-contained units (1 x one-bed and 1 x two-bed), offering immediate rental potential once any required works are completed. It includes an integral garage and a decent plot with a small garden, and is a short distance from Skegness town centre and local amenities.
The building dates from the mid-20th century and is of solid brick construction. It has mains gas central heating, double glazing (installation date unknown) and a compact internal layout across two storeys totalling about 692 sq ft. The accommodation will require modernisation and refurbishment in places to reach strong rental standards; rooms and fittings show signs of wear consistent with the property’s condition and age.
Buyers should note several important considerations: the local area shows high crime levels and very high deprivation indicators, which will affect rental demand and tenant profiling. The vendor’s details currently do not match the registered title at Land Registry and the sale is subject to auction conditions — bidders must register and review the legal pack. A documentation charge of £1,500 (including VAT) is payable on completion of the sale alongside the usual auction deposits.
For an investor prepared to manage refurbishment and tenant selection this property offers a low entry price and immediate conversion income potential. Conversely, it is unsuitable for buyers seeking a finished family home without further work, and costed surveys and title checks are strongly advised before bidding.
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