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Dorothy Avenue, Skegness, PE25

Key features

  • Freehold block of FOUR self contained flats
  • Established, successful, up and running/ready to take over investment opportunity
  • Ground floor one/two bedroom (inc conservatory) flat
  • First floor - two 1 bedroom self contained flats
  • Second floor one bedroom self contained flat
  • Large rear courtyard/off road parking + shed (rear service road access)
  • Gas central heating (two c/h boilers) & double glazing
  • Ideal location - within walking distance of town centre, beach & sea front + train/bus station
  • All flats currently let (June 2026) with approx yield of 12.5%
  • Viewings now available - strictly by appointment with 48 hours notice required

Description

A excellent investment opportunity - this freehold block of flats offers an investor the chance to take over an established, up and running block of 4 self contained apartments with a large enclosed rear courtyard/parking area & shed. The location is ideal - just a few minutes walk from the town centre and the sea front, with the train and bus stations a 5 minute walk away. The whole property consists of one large ground floor one/two bedroom flat, two first floor one bedroom flats and a second floor one bedroom flat. Outside there is a small front courtyard and side path/walkway with access to a large enclosed courtyard accessed from the service road behind.
All flats have gas central heating (two central heating boilers) and all benefit from double glazing. All current fire, gas and electric regulations are up to date (as of June 2026).
The flats are individually metered for electric with water and gas being chargeable within the individual rents.
All flats are currently occupied with tenancy agreements. The new owner will retain all rights and responsibilities of the landlord on completion. The current gross yield is approx 12.5%.

Entrance Hall:

GROUND FLOOR FLAT:

Lounge: 4.14m x 3.86m (13'7" x 12'8")

Kitchen: 3.86m x 3.61m (12'8" x 11'10")

Inner Hall:

Bedroom: 3.68m x 2.97m (12'1" x 9'9")

Rear Hallway:

Shower Room: 2.44m x 2.16m (8' x 7'1")

Conservatory: 2.97m x 2.26m (9'9" x 7'5"), (Currently used as a bedroom)

Stairs & First Floor Landing:

FLAT A:

Kitchen/Lounge: 3.66m x 3.23m (12' x 10'7")

Bedroom: 2.67m x 2.44m (8'9" x 8')

Shower Room: 2.44m x 0.91m (8' x 3')

FLAT B:

Kitchen: 3.78m x 2.24m (12'5" x 7'4")

Bathroom: 2.31m x 1.30m (7'7" x 4'3")

Lounge: 3.89m x 3.35m (12'9" x 11')

Bedroom: 3.86m x 2.06m (12'8" x 6'9")

Stairs & Second Floor Landing:

FLAT C:

Kitchen/Lounge: 5.11m x 3.05m (16'9" x 10')

Bedroom: 2.74m x 2.21m (9' x 7'3")

Shower Room: 2.74m x 1.40m (9' x 4'7") max width

Outside:

Front:

Rear:

COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Ask agent
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Dorothy Avenue, Skegness, PE25

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Affordability

Monthly repayments£1,104
Property: £ 220,000
Deposit: £ 22,000
Interest rate: 5.33%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Recently sold & under offer
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About Beam Estate Agents, Skegness

12 Lincoln Road, Skegness, PE25 2RZ
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1Industry affiliation logo 2

BEAM are estate agents with a difference! Our aim is simply to sell properties at the same time as surprising and delighting sellers and buyers along the way. We love honesty and transparency, in a industry not typically known for those words. Our client feedback is what we use to measure how we are doing ALL the time, and guess what.......our clients really appreciate it.

We love to hear things like:

"Once again...... a FIRST CLASS professional SERVICE delivered. The Beam team are always happy to answer any queries or concerns with a smile! We really were made to feel a part of the whole BEAM family on such a personal level. We have no hesitation - in fact we'd be delighted to recommend them to everyone we know and we wouldn't consider selling with any other estate agent when we move next time. "WELL DONE TO YOU ALL" "PS-The free pen works too!"

Comments like this are what make us tick and keep us jumping out of bed in a morning!

We even offer built in GUARANTEES to all of our sellers, to make sure we do exactly what we promise you to do. Who'd have thought it - an estate agent so dead set on doing what they say they will do, they give you 'totally risk and cost free guarantee' to you. REVOLUTIONARY! (Or, about time, some might say!)

It's often said that "moving home can be one of the most stressful events in your life" but hopefully by now you can see our entire ethos demonstrates clearly that we are determined to make your experience of buying or selling a property, as stress free and enjoyable as possible! Trust us - with over 60 years combined experience in the office we do know what we're talking about!

So much so that we have become known locally in the estate agency world as "The Agents That You Can Trust"

Give us a call or pop in the office - we'd love to see you!

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Disclaimer - Property reference BEAME_006315. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Beam Estate Agents, Skegness. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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