Summary - 35 SOUTH ROAD CHAPEL ST LEONARDS SKEGNESS PE24 5TL
5 bed 4 bath Flat
Small freehold investment with parking and garden close to the seafront.
Block of three flats: one 3-bed ground floor, two 1-bed first floor
Freehold title with off-street parking and gated rear garden
Approx. total floor area 797 sq ft (small overall size)
Oil-fired boiler for ground floor; first-floor flats have electric radiators
Well-maintained building but some kitchens and finishes dated
Workshop with power and lighting included; practical storage/work space
Local area: close to seafront and amenities, but high crime and very deprived
Council tax very cheap; potential for rental yield after refurbishment
A freehold block of three flats in Chapel St Leonards, offered as an investment opportunity with immediate rental potential. The building includes a ground-floor three-bedroom flat plus two one-bedroom flats above, together totalling approximately 797 sq ft. Off-street parking, a low-maintenance rear garden and a useful powered workshop add practical value for tenants or owner-managers.
The property is described as well maintained but contains dated elements in some kitchens and electric heating in two flats, so minor updating or selective refurbishment could increase rents and capital value. Heating is by an oil-fired boiler and radiators for the ground-floor flat; first-floor flats use electric radiators. Windows are double glazed (install date unknown).
Location is a coastal village setting close to local amenities and the seafront, with Skegness a short drive away for wider services. Nearby primary and secondary schools are rated Good or Requires Improvement. Note the area has high crime levels and is classed as very deprived, which will affect tenant profiles and management considerations.
This lot suits an investor or small landlord seeking an accessible coastal block with parking and garden space. It is sold as a practical, small-scale portfolio that may benefit from modest refurbishment, tenant management focus and a clear strategy given the local market conditions.
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