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4 bed property, in Wainfleet Road, £200,000
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4 bed semi-detached house

Wainfleet Road, Skegness PE25
£200,000
AuctionFreehold

The property is a freehold semi-detached property in the town centre of Skegness, comprising four apartments. It is located close to the hospital, town centre amenities, seafront, and railway station. All four apartments are rented out, with Flat 3 and 4 having notice to vacate, and the current rental income is approximately £21,172 per annum. The property has a scope for improving yields, potentially up to £26,400 per annum, or alternative development subject to necessary planning and consents. The apartments vary in size, with EPC ratings ranging from C to E, and Council Tax bands of A and AB.