11, Drake Road
11, Drake Road
Description & Estimates
11, Drake Road, Skegness is recorded publicly as a period Leasehold apartment across 1,270 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 11, Drake Road, Skegness is £357,135 and its rental estimate is £1,142 per month, given the available information and assuming reasonable condition.
11, Drake Road is a residential building on Drake Road, Skegness, PE25 and falls within the PE25 postal district and the borough of East Lindsey.
Our Data Sources
11, Drake Road, Skegness has a single entry in the Land Registry from February 2017 and a single entry in the EPC database dated May 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 11, Drake Road, Skegness, we estimate a market value of £374,992 and a rental value of £1,199 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £332,136 and £1,062 per month respectively.
Recent Market Change
Over the last year, 11, Drake Road, Skegness has seen its estimated sale value drop by £4,227 (1.2%) and its estimated rental value rise by £70 per month (6.1%). This results in an estimated gross rental yield of 3.8%.
Energy Efficiency
11, Drake Road, Skegness has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 31 May 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 11, Drake Road, Skegness completed on 13th February 2017 at £335,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 35.3% over the period since February 2017.
- Sold Feb 2017£335,000
Similar Properties Sold Nearby
Over the past 2 years 2 properties similar to 11, Drake Road, Skegness have sold within a radius of 1.1 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 1st October 2024, was Flat 1, 193, Drummond Road, Skegness, PE25 3AB, a leasehold flat which sold for £326,000.
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 12 addresses on Drake Road, Skegness, PE25, 11, Drake Road, Skegness comes out as the 12th largest and the 9th most expensive in our analysis of the public data.
It is also £126k more expensive than the average property across the PE25 district.
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Schools Nearby
- 1.1kmThe Richmond Primary Academy
- 2.1kmSkegness Infant Academy
- 2.2kmSkegness Junior Academy
- 2.2kmSkegness Grammar School
- 2.5kmSkegness Academy
- 17.3kmKing Edward VI Academy
More reading links
Public Transport Nearby
From 11, Drake Road, Skegness, the nearest station is Skegness, 1.5 kilometres away.
- 1.5kmSkegness
- 4.7kmHavenhouse
- 7.5kmWainfleet
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 very low, based on Environment Agency data.
