6, Franklin Avenue
6, Franklin Avenue
Description & Estimates
6, Franklin Avenue, Skegness is recorded publicly as a period leasehold apartment across 742 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 6, Franklin Avenue, Skegness is £97,837 and its rental estimate is £630 per month, given the available information and assuming reasonable condition.
6, Franklin Avenue is a residential building on Franklin Avenue, Skegness, PE25 and falls within the PE25 postal district and the borough of East Lindsey.
Our Data Sources
6, Franklin Avenue, Skegness has 51 entries in the Land Registry , most recently in April 2022 and a single entry in the EPC database dated February 2022.
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.
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 6, Franklin Avenue, Skegness, we estimate a market value of £102,728 and a rental value of £661 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £90,988 and £586 per month respectively.
Recent Market Change
Over the last year, 6, Franklin Avenue, Skegness has seen its estimated sale value decline by £1,017 (1.0%) and its estimated rental value climb by £40 per month (6.3%). This results in an estimated gross rental yield of 7.7%.
Energy Efficiency
6, Franklin Avenue, Skegness has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Feb 2022.
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 6, Franklin Avenue, Skegness completed on 14th April 2022 at £115,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 5 times.
Values of comparable properties have risen by 15.0% over the period since April 2022.
- Sold Apr 2022£115,000
- Sold Aug 2015£92,000
- Sold Oct 2011£77,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 6, Franklin Avenue, Skegness have sold within a radius of 740 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 3rd August 2023, was Flat A, 148, Drummond Road, Skegness, PE25 3EX, a leasehold flat which sold for £350,000.
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 15 addresses on Franklin Avenue, Skegness, PE25, 6, Franklin Avenue, Skegness comes out as the 13th largest and the 14th most expensive in our analysis of the public data.
It is also £133k less expensive than the average property across the PE25 district.
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Schools Nearby
- 800mThe Richmond Primary Academy
- 1.6kmSkegness Infant Academy
- 1.7kmSkegness Junior Academy
- 1.7kmSkegness Grammar School
- 2.0kmSkegness Academy
- 17.3kmKing Edward VI Academy
More reading links
Public Transport Nearby
From 6, Franklin Avenue, Skegness, the nearest station is Skegness, 1.1 kilometres away.
- 1.1kmSkegness
- 5.1kmHavenhouse
- 7.8kmWainfleet
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.
