Affordable buy-to-let or first home near station with immediate rental potential.
- Ground-floor one-bedroom flat, practical 453 sqft layout
- Allocated off-street parking space
- Fast broadband and excellent mobile signal
- Low flood risk; very low council tax (Band A)
- Lease c.64 years remaining — lenders may refuse mortgages
- Located near train station, shops and local amenities
- Higher local crime rate; area classed as very deprived
- Requires internal modernisation and some exterior maintenance
A ground-floor one-bedroom flat offering a compact, practical layout close to Skegness town centre and transport links. The accommodation includes a living room, contemporary-style kitchen, bathroom and one bedroom across an average-sized 453 sqft footprint — suitable for a single occupant, couple or buy-to-let investor seeking uncomplicated rental stock.
Practical positives include an allocated off-street parking space, fast broadband and excellent mobile signal, plus low local flood risk and very low council tax (Band A). The block is brick-built and externally modern in style, though some exterior maintenance and internal modernisation will improve appeal and rental returns.
Important cautions: the lease has approximately 64 years remaining — mortgage lenders may refuse to lend or demand specialist underwriting; buyers should check financing options and possible lease-extension costs. The neighbourhood records higher crime levels and sits in a very deprived area; consider security measures and tenant demand when assessing rental income.
Overall this is a budget-priced entry or rental purchase at £60,000 with clear scope for refurbishment to add value. It suits buyers who accept cosmetic work and the lease situation, and who prioritise location, low running costs and straightforward layout over turnkey presentation.
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