Summary -
Flat 2,Ashton Villa,7 Old Wainfleet Road,SKEGNESS,PE25 3RU
PE25 3RU
2 bed 1 bath Apartment
Chain-free, budget Victorian flat with garden — needs renovation and lease advice.
- First-floor Victorian flat with side garden and street access
- One double bedroom plus small second/box room
- Chain-free and available for quick sale
- Requires general refurbishment throughout
- 60 years remaining on lease; lending may be restricted
- Gas central heating; partial double glazing
- Ground rent £40pa; owner pays 25% building insurance
- Located within ten-minute walk of shops and town centre
A compact first-floor Victorian flat in central Skegness offering immediate possession and clear investment potential. The layout includes a double bedroom, small second/box room, lounge, kitchen and bathroom, with gas central heating and partial double glazing already in place. Outside is an established side garden and a convenient ten-minute walk to shops, supermarkets and the town centre.
The flat is offered chain-free and would suit a hands-on investor or buyer prepared to refurbish. The accommodation is small and dated throughout; general redecoration and modernization are required to unlock rental or resale value. Some fixtures (gas cooker and boiler) have recent safety checks recorded.
Important lease and financing note: there are approximately 60 years remaining on the lease. Many mortgage lenders restrict lending on leases under this length, so buyers should obtain specialist mortgage and legal advice before committing. Ground rent is £40 per year and the owner currently meets 25% of building insurance costs charged by the freeholder.
This is a straightforward, low-price purchase for someone focused on short-term refurbishment and rental income or a budget entry into the Skegness market. The area shows higher-than-average local deprivation and crime levels, so prospective buyers should weigh location-related rental demand and management requirements carefully.
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