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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 4, Springfields Close, Skegness is a modern freehold house with 1,991 ft2 of internal area.
Houses of this size in this area normally have 5 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 4, Springfields Close, Skegness is £406,949 and the estimated rental value is £1,629 per month.
Springfields Close, Burgh Le Marsh, Skegness, PE24 is located in the borough of East Lindsey within the PE24 postal district.
4, Springfields Close, Skegness has a single entry in the Land Registry from February 2023 and a single entry in the EPC database dated January 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 4, Springfields Close, Skegness is in very good condition we estimate a sale value of £427,297 and a rental value of £1,711 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £378,463 and a rental value of £1,515 per month.
Over the last 12 months the sale value of 4 Springfields Close Skegness has decreased by an estimated £22,295 (5.5%) and its rental value has increased by an estimated £17 per month (1.1%), giving an expected gross yield of 4.8%.
4, Springfields Close, Skegness has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 19 Jan 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, underfloor, electric.
According to HM Land Registry, 4, Springfields Close, Skegness was last sold on 23rd February 2023 for £440,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since February 2023, the market for similar properties has dropped 14.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Springfields Close, Skegness within a radius of 4.6 kilometres over the last 2 years.
The most recent example is 3, Springfields Close, Skegness, PE24 5FR, a freehold house which sold for £440,000 on the 4th November 2022.
Read more about house prices in PE24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Springfields Close, Burgh Le Marsh, Skegness, PE24 has a total of 11 addresses. According to our analysis of all the public data, 4, Springfields Close, Skegness is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £197k more expensive than the average property in PE24.
The closest station to 4, Springfields Close, Skegness is Thorpe Culvert station which is 5.5 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 4, Springfields Close, Skegness, 29.5% of property is privately owned outright and 24.2% is privately rented.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 4, Springfields Close, Skegness, 18.6% of residents are recorded as possessing school level qualifications and 20.7% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 4, Springfields Close, Skegness, the average age was 47.5 and the most common age was 72.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 4, Springfields Close, Skegness, 0.6% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 4, Springfields Close, Skegness, there are an average of 1.3 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
