5, Mill Flats
5, Mill Flats
Description & Estimates
According to the public record, 5, Mill Flats, Mablethorpe is an early-century leasehold apartment with 376 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 5, Mill Flats, Mablethorpe is £62,422 and the estimated rental value is £326 per month.
Mill Flats, Trusthorpe, Mablethorpe, LN12 is located in the borough of East Lindsey within the LN12 postal district.
Our Data Sources
5, Mill Flats, Mablethorpe has a single entry in the Land Registry from April 2013 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
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 5, Mill Flats, Mablethorpe is in very good condition we estimate a sale value of £65,544 and a rental value of £343 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £58,053 and a rental value of £303 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 5, Mill Flats, Mablethorpe has declined by £835 (1.3%), while its estimated rental value has climbed by £17 per month (5.2%). Based on current estimates, the property offers a gross rental yield of 6.3%.
Energy Efficiency
5, Mill Flats, Mablethorpe has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 May 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 5, Mill Flats, Mablethorpe was last sold on 4th April 2013 for £40,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since April 2013, the market for similar properties has risen by 40.1%.
- Sold Apr 2013£40,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Mill Flats, Mablethorpe within a radius of 1.3 kilometres over the last 2 years.
The most recent example is 3, Mill Flats, Mablethorpe, LN12 2PF, a leasehold flat which sold for £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
Mill Flats, Trusthorpe, Mablethorpe, LN12 has a total of 8 addresses. According to our analysis of all the public data, 5, Mill Flats, Mablethorpe is the 7th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £165k less expensive than the average property in LN12.
More reading links
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
More reading links
Public Transport Nearby
The closest station to 5, Mill Flats, Mablethorpe is Skegness station, which is 21.4 kilometres away.
- 21.4kmSkegness
- 23.7kmThorpe Culvert
- 24.1kmHavenhouse
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be high.
