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56 Castleton Boulevard, Skegness

£375,000

For Sale

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Brochure

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Floorplan

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Property summary

Freehold

Semi Detached House Converted Into 6 Flats

1 Bedroom Well Presented Flats

Circa £40,000 Income Per Year

Skegness Town Location

Viewing Welcome

Driveway and Garaging

Sold With Tenants In Situ

EPC Ratings - C, Council Tax Bands- A

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Get in touch

Holly Walker

Sales Negotiator

01205 359111

More about the property

An excellent investment opportunity comprising six self-contained one-bedroom flats, all currently let on Assured Shorthold Tenancies (ASTs), generating a gross annual rental income of approximately £40,000.

Occupying a convenient position within easy reach of Skegness town centre, the property is well placed for local amenities, transport links and the seafront, making it a consistently attractive proposition for tenants.

The accommodation is arranged over three floors and comprises six well-proportioned one-bedroom flats, each benefiting from its own lounge, kitchen/dining room, bathroom facilities and individual gas-fired central heating boiler. Externally, the property enjoys ample off-road parking together with two detached garages to the rear, offering useful storage or potential for additional rental income, subject to any necessary consents.

Providing an established income from day one, this represents a rare opportunity to acquire a substantial, fully let investment in a popular coastal location with scope for continued long-term rental returns.

Agent’s Note: The property is fully let on Assured Shorthold Tenancies (ASTs) and currently generates a gross annual rental income of approximately £40,000. A tenancy schedule is available upon request.

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Stonebow works with Pygott & Crone Estate Agents to provide their clients with expert mortgage and protection advice. Stonebow has access to over 12,000 mortgages from 90+ lenders, so we can find the right mortgage to suit your individual needs. The expert advice we offer, combined with the volume of mortgages that we arrange, places us in a very strong position to ensure that our clients have access to the latest deals available and receive a first-class service. We will take care of everything and handle the whole application process, from explaining all your options and helping you select the right mortgage, to choosing the most suitable protection for you and your family.

Property documents

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Broadband

Below is an estimate of broadband speeds and availability at this property. This data has been sourced from Ofcom and should only be used as a guide. For more precise speeds and availability consult a broadband provider. NB: Mbps = Megabits (or "meg") per second.

Standard: Download: 16 Mbps / Upload: 1 Mbps or less

Superfast: Download: 80 Mbps / Upload: 20 Mbps

Ultrafast: Download: 330 Mbps / Upload: 50 Mbps

Stamp Duty Land Tax

Below is an illustration of the Stamp Duty Land Tax ("Stamp Duty") that would be payable, based on a set of assumptions. You should always check your stamp duty liability and any other costs due with your solicitor or conveyancer.

£8750 would need to be paid in stamp duty on purchasing this property, assuming that you are purchasing freehold, purchasing as an individual (or jointly with someone else), and this will be your only property.

First Time Buyers may claim a discount (relief) on purchases of £625,000 and under.

The stamp duty for first time buyers would therefore be £3750.

Accommodation

Ground Floor Flat 1

Entrance Hall 1

Lounge 1
5.39 x 3.65m

Kitchen/Dining Room 1
3.05 x 4.24m

Bedroom 1
4.64 x 2.74m

Bathroom 1
1.98 x 2.5m

Ground Floor Flat 1a

Kitchen 1a
2.4 x 2.5m

Lounge 1a
2.37 x 5.81m

Bedroom 1a
3.84 x 4.3m

En-Suite 1a
2.24 x 1.51m

First Floor Landing

First Floor Flat 2

Hall 2

Kitchen/Dining Room 2
5.03 x 2.73m

Bedroom 2
3.49 x 2.73m

Balcony

Bathroom 2
2.48 x 2.43m

First Floor Flat 3

Hall 3

Lounge 3
4.07 x 3.67m

Kitchen Diner 3
2.17 x 3.73m

Bedroom 3
2.76 x 2.72m

Shower Room
1.52 x 2.8m

Second Floor Flat 4

Entrance Hall 4

Lounge 4
4.07 x 3.66m

Kitchen/Dining Room 4
2.19 x 3.73m

Bedroom 4
2.78 x 3.67m

Bathroom 4
1.51 x 2.82m

Second Floor Flat 5

Hall 5

Kitchen/Dining Room 5
3.5 x 2.73m

Bedroom 5
5.03 x 2.73m

Bathroom 5
2.1 x 2.43m

Outside

Garage 1
6.21 x 4.44m

Garage 2
5.44 x 2.51m

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