Summary - GUERNSEY COURT FLAT 5 ROBIN HOOD ROAD SKEGNESS PE25 3QU
1 bed 1 bath Flat
Auction sale for experienced cash investors seeking compact rental potential.
Town-centre one-bedroom flat, 398 sq ft
A compact one-bedroom flat in the heart of Skegness offered for sale via online auction. The property is chain-free, with off-street parking and a contemporary kitchen and living area. It is marketed to cash buyers and presents as a straightforward rental/investment opportunity for those prepared to buy at auction.
Important financial and physical facts: the flat is leasehold with approximately 65 years remaining. That short lease length may prevent mortgage finance and will be a material consideration for many buyers. The sale carries auction terms: a 5% non-refundable deposit on exchange and a reservation fee up to 6% (minimum £6,000 inc VAT). Service charge and ground rent apply: service charge c.£400 and ground rent £70.
Internally the accommodation is small (c.398 sq ft) with electric room heaters and double glazing of unknown install date. Photographs indicate dated carpeting and potential mould on a living-room wall that will need investigation and remediation. The area has high crime statistics and is classified as very deprived; rental demand should be checked locally before purchase.
This is best suited to experienced cash buyers or investors who understand auction purchase mechanics, lease extension costs and potential refurbishment expenditure. The flat’s town-centre location, parking and low council tax can support rental income, but buyers should obtain the legal pack, confirm lender acceptability, and budget for remedial works and any lease extension costs before bidding.
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