7, Martin Way
7, Martin Way
Description & Estimates
7, Martin Way, Skegness is recorded publicly as a mid-century freehold house across 839 ft2 of internal area, sitting on a 449 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 7, Martin Way, Skegness is £197,200 and its rental estimate is £973 per month, given the available information and assuming reasonable condition.
Martin Way, Skegness, PE25 falls within the PE25 postal district, in the borough of East Lindsey.
Our Data Sources
7, Martin Way, Skegness has 21 entries in the Land Registry , most recently in February 2012 and a single entry in the EPC database dated April 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high 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 7, Martin Way, Skegness, we estimate a market value of £207,060 and a rental value of £1,021 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £183,396 and £904 per month respectively.
Recent Market Change
Over the last year, 7, Martin Way, Skegness has seen its estimated sale value drop by £4,519 (2.3%) and its estimated rental value rise by £50 per month (5.2%). This results in an estimated gross rental yield of 5.9%.
Plot Size
HM Land Registry records the plot of land for 7, Martin Way, Skegness as measuring 449 m2.
That makes it the 10th largest plot in the postcode, where 45 of the 46 other houses have recorded plot data.
Energy Efficiency
7, Martin Way, Skegness has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Apr 2024.
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 7, Martin Way, Skegness completed on 15th February 2012 at £120,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 61.0% over the period since February 2012.
- Sold Feb 2012£120,000
- Sold Apr 2000£66,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 7, Martin Way, Skegness have sold within a radius of 1.2 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 22nd September 2023, was 66, Church Lane, Skegness, PE25 1EW, a freehold house which sold for £215,000.
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 46 addresses on Martin Way, Skegness, PE25, 7, Martin Way, Skegness comes out as the 10th largest and the 9th most expensive in our analysis of the public data.
It is also £34k less expensive than the average property across the PE25 district.
More reading links
Schools Nearby
- 400mSeathorne Primary Academy
- 1.5kmBeacon Primary Academy
- 1.8kmSkegness Junior Academy
- 1.6kmSkegness Academy
- 1.8kmSkegness Grammar School
- 14.7kmJohn Spendluffe Foundation Technology College
More reading links
Public Transport Nearby
From 7, Martin Way, Skegness, the nearest station is Skegness, 2.5 kilometres away.
- 2.5kmSkegness
- 7.2kmHavenhouse
- 9.6kmWainfleet
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 medium, based on Environment Agency data.
