Summary - 9, Cross Street, SKEGNESS PE25 3RH
3 bed 1 bath Terraced
Compact investment with garden and HMO or holiday-let potential near the seafront.
Freehold Victorian mid-terrace, vacant possession on completion
Large rear garden; scope for extension/outsized outdoor use
EPC C; mains gas boiler and radiators in place
Potential for HMO or holiday-let income (subject to planning)
Solid brick walls likely uninsulated; thermal upgrades needed
Property in very deprived area with high local crime rates
Sold at online auction; administration fee £3,600 on exchange
Small overall size (797 sq ft); refurbishment expected
A three-bedroom Victorian mid-terrace in central Skegness offered at auction — a compact 797 sq ft property with genuine income and refurbishment potential. It benefits from mains gas heating, double glazing, a large rear garden and an EPC rating of C. Vacant possession on completion simplifies redevelopment or letting.
Positioned close to the seafront and town amenities, the house suits investors seeking a holiday-let, single-let or HMO conversion (subject to planning). The vendor’s guidance highlights potential HMO income and seasonal holiday rental returns, reflecting strong tourist footfall in the area.
Buyers should note the wider context: the neighbourhood is economically challenged with high crime and very high area deprivation. The property’s solid-brick walls likely lack insulation and will need thermal upgrades; general refurbishment is expected to bring the accommodation up to modern rental standards.
Sale is by online unconditional auction with an administration fee (£3,600 inc. VAT) payable on exchange. Prospective purchasers must inspect the legal pack for tenure details, disbursements and statutory checks before bidding. This is a clear opportunity for cash buyers or developers prepared to act swiftly.
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