Summary - 3, Cross Street PE25 3RH
3 bed 1 bath Terraced
Auction sale with immediate rental income and renovation potential.
Three bedrooms over two floors, mid‑terrace Victorian property
A three‑bedroom Victorian mid‑terrace on a large plot in Skegness, offered freehold and selling by public auction. The property is currently let on an Assured Shorthold Tenancy producing £9,000 per annum, presenting immediate rental income for an investor. The building requires a programme of refurbishment throughout — works expected to include cosmetic repairs, possible heating and electrical upgrades, and insulation improvements to solid brick walls.
Positioned in a transitional, high‑crime neighbourhood with constrained local rental demand, this house suits a buyer comfortable managing risk and renovation projects. It benefits from double glazing, mains gas central heating with boiler and radiators, and an EPC rating of C. Accommodation is arranged over two floors: reception room, kitchen, three bedrooms and bathroom, with a rear garden.
Practical factors: sale at public auction (12th November 2025), sold subject to tenancy, and the area is very deprived which can affect resale and lettings. For an investor seeking a low‑entry purchase and rental yield, or a developer prepared to refurbish and improve energy performance, this property offers scale and potential. Those seeking a move‑in ready family home should note the explicit renovation requirement and local market constraints.
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