Summary - 1 GROSVENOR ROAD SKEGNESS PE25 2DA
6 bed 2 bath House of Multiple Occupation
Ready-made landlord opportunity with scope for refurbishment and higher yields.
Six-bedroom licensed HMO, ready for immediate rental income
Includes separate two-bedroom self-contained flat to rear
Detached Tudor-style house with garage and off-street parking
1,949 sq ft freehold — substantial internal space
Dated kitchen; requires modernisation and likely appliance replacement
Solid brick walls assumed uninsulated; energy upgrades probable
Area classified very deprived with very high local crime rates
Buyers should confirm licences, tenancy income and insurance costs
This detached Tudor-style house on Grosvenor Road is being offered freehold as a fully licensed six-bedroom HMO. With 1,949 sq ft, two reception rooms, two bathrooms, garage and off-street parking, it provides immediate rental income potential for an investor targeting the Skegness lettings market.
An additional self-contained two-bedroom flat to the rear increases flexibility—retain as an HMO room block, let separately, or use for management/owner accommodation. The property is close to the seafront, town centre amenities and transport links, supporting high tenant demand in peak season and year-round rental opportunities.
There are clear maintenance and market considerations. The kitchen is dated and will need modernisation; the property’s solid brick walls likely lack cavity insulation and further energy upgrades may be required. The surrounding area is classified as very deprived with very high crime levels, which affects tenant mix, lettability and insurance costs. Buyers should factor refurbishment, safety checks and licensing compliance into cost projections.
Offered at £180,000, this is a practical purchase for landlords seeking a ready-made HMO with scope to improve yields through targeted refurbishment and energy upgrades. Prospective purchasers should verify current tenancy agreements, income figures, HMO licence conditions and insurance implications before offer.
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