39, Lumley Crescent, SKEGNESS, Lincolnshire, PE25 2TL

Description

Ripe for modernisation Detached bungalow with three bedrooms Close to seafront and attractions Description Set back from the road, this detached bungalow offers plenty of scope for the incoming purchaser to renovate to today’s modern standards. In brief, the property comprises a spacious entrance hall, three bedrooms, dining lounge, breakfast kitchen, bathroom while externally are front and rear gardens and driveway parking. We understand some work may be structural and buyers are advised to rely upon their own enquiries. Lumley Crescent is a small mixed development of bungalows and semi-detached homes in the heart of Skegness. Local bus routes and town centre amenities are all within easy reach, with the seafront and its attractions approx. 0.5 miles away. Accommodation Ground Floor: Entrance hall, breakfast kitchen, dining lounge, three bedrooms, bathroom External: Front and rear gardens, driveway Broadband: Standard, superfast, and ultrafast show as available Mobile Coverage: EE, Th

Location

Property located at 39, Lumley Crescent, SKEGNESS, Lincolnshire, PE25 2TL.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £30,000–£50,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

Recommendation

Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆