£245,000 /Sale price

HomeMove Estate Agents are pleased to present to the market this great investment opportunity, located on Vernon Road close to the town centre in the bustling seaside resort of Skegness. The property which is currently arranged as five one-bedroom flats all currently let out producing a rental yield of 9.3%. The building is up to date with electrical checks and fire safety standards. Viewings are available from now however notice will be required to allow the tenants notice. - Flat 1 - Flat 2- Flat 3- Flat 4- Flat 5  Garden - The property is fronted by a garden To the rear of the property you will find a garden set to gravel. Situation: The property fronts Vernon Road and is close to the town centre and amenities. Boston is located 22 miles away and Lincoln is 43 miles away. General Information:Tenure: Freehold. Local Authority: East Lindsey District Council. The agency website indicates Tax band: A. Energy Rating: D & ECarl Smith, HomeMove Lincolnshire:Carl joined the HomeMove team in 2021, bringing over 20 years of experience in the property industry and more than 15 years of managing estate agency branches across Skegness, Louth, and Grantham. With his comprehensive understanding of the Lincolnshire property market, Carl is proud to be considered a local expert. In 2025, HomeMove Lincolnshire was proudly recognised as the ESTAS Winner for 'Best Agent in the PE25' postcode. Feel free to reach out to Carl for professional property advice and support. * When you make an offer on a property, we are required by law to carry out ID and Financial verification checks. As part of this we will need to see documents including Proof of ID, Address and Financial Statements and we will carry out a 'SmartSearch' chargeable at £7.50 per buyer.  HomeMove Estate Agents may be paid a referral fee for introducing clients to their preferred EPC, Conveyancing, Survey and Mortgage service providers.