1, Park Avenue
1, Park Avenue
Description & Estimates
1, Park Avenue, Skegness is recorded publicly as an early-century leasehold apartment across 839 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of 1, Park Avenue, Skegness is £112,411 and its rental estimate is £700 per month, given the available information and assuming reasonable condition.
1, Park Avenue is a residential building on Park Avenue, Skegness, PE25 and falls within the PE25 postal district and the borough of East Lindsey.
Our Data Sources
1, Park Avenue, Skegness has 21 entries in the Land Registry , most recently in January 2008 and a single entry in the EPC database dated June 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 1, Park Avenue, Skegness, we estimate a market value of £118,032 and a rental value of £735 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £104,542 and £651 per month respectively.
Recent Market Change
Over the last year, 1, Park Avenue, Skegness has seen its estimated sale value decrease by £2,046 (1.8%) and its estimated rental value grow by £38 per month (5.5%). This results in an estimated gross rental yield of 7.5%.
Energy Efficiency
1, Park Avenue, Skegness has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Jun 2015.
The property is connected to mains gas and has mostly double glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 1, Park Avenue, Skegness completed on 23rd January 2008 at £85,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 13.2% over the period since January 2008.
- Sold Jan 2008£85,000
- Sold Jan 2004£68,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 1, Park Avenue, Skegness have sold within a radius of 580 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 21st June 2024, was 39, Rutland Road, Skegness, PE25 2AX, a leasehold flat which sold for £110,000.
Read more about house prices in PE25.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 115 addresses on Park Avenue, Skegness, PE25, 1, Park Avenue, Skegness comes out as the 56th largest and the 56th most expensive in our analysis of the public data.
It is also £119k less expensive than the average property across the PE25 district.
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Schools Nearby
- 500mSkegness Junior Academy
- 500mSkegness Infant Academy
- 1.0kmThe Richmond Primary Academy
- 700mSkegness Grammar School
- 1.0kmSkegness Academy
- 16.3kmJohn Spendluffe Foundation Technology College
More reading links
Public Transport Nearby
From 1, Park Avenue, Skegness, the nearest station is Skegness, 800 metres away.
- 800mSkegness
- 5.9kmHavenhouse
- 8.6kmWainfleet
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated medium, based on Environment Agency data.
