4, Mill Flats
4, Mill Flats
Description & Estimates
Public records show 4, Mill Flats, Mablethorpe to be an early-century leasehold apartment with 376 ft2 of internal area.
In this area, apartments of this size normally have 1 bedroom with a garden.
4, Mill Flats, Mablethorpe has an estimated sale value of £62,422 and an estimated rental value of £326 per month, assuming reasonable condition and based on the information available.
Mill Flats, Trusthorpe, Mablethorpe, LN12 lies in the borough of East Lindsey, within the LN12 postal district.
Our Data Sources
4, Mill Flats, Mablethorpe has 2 entries in the Land Registry , most recently in December 2018 and a single entry in the EPC database dated May 2018.
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
In very good condition, we estimate 4, Mill Flats, Mablethorpe would be worth £65,544, with a potential rental value of £343 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £58,053, with a rental value of £303 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 4, Mill Flats, Mablethorpe has decreased by £835 (1.3%) over the last year. During the same period, its estimated monthly rental value has grown by £17 (5.2%). The property's estimated gross yield is currently 6.3%.
Energy Efficiency
4, Mill Flats, Mablethorpe has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 18 May 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
Sold Prices
4, Mill Flats, Mablethorpe last changed hands on 20th December 2018, selling for £56,500. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 16.9% since December 2018.
- Sold Dec 2018£56,500
- Sold Jan 2008£58,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 1.3 kilometres of 4, Mill Flats, Mablethorpe across the last 2 years.
Most recently, 3, Mill Flats, Mablethorpe, LN12 2PF, a leasehold flat, sold at £58,000 on the 14th September 2021.
Read more about house prices in LN12.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 4, Mill Flats, Mablethorpe as the 8th largest and the 8th most expensive of the 8 addresses on Mill Flats, Trusthorpe, Mablethorpe, LN12.
Against the LN12 postcode district average, it is £165k less expensive than the typical property.
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Schools Nearby
- 1.5kmMablethorpe Primary Academy
- 2.7kmSutton-on-Sea Community Primary School
- 5.2kmTheddlethorpe Academy
- 10.0kmJohn Spendluffe Foundation Technology College
- 10.5kmQueen Elizabeth's Grammar Alford - A Selective Academy
- 15.6kmSomercotes Academy
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Public Transport Nearby
Skegness station is the nearest stop to 4, Mill Flats, Mablethorpe at 21.4 kilometres away.
- 21.4kmSkegness
- 23.7kmThorpe Culvert
- 24.1kmHavenhouse
Risk of Flooding
Environment Agency data suggests this area has a high risk of flooding.
