It will have an effect in reducing sebum secretions, so it will lessen the likelihood of acne and oily skin and hair. It will probably result in less muscle definition so might change the overall shape of the skin, however it is estrogen that will lead to a more pronounced roundness of shape. You might find a reduction in the strength of beard growth and a general reduction of body hair thickness. It's possible the skin will become less coarse but as I understand it, it is the estrogens that really have an effect on the softness and smoothness of the skin.