9, Drake Road
9, Drake Road
Description & Estimates
9, Drake Road, Skegness is recorded publicly as a period freehold house across 2,583 ft2 of internal area, sitting on a 836 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 9, Drake Road, Skegness is £405,300 and its rental estimate is £1,566 per month, given the available information and assuming reasonable condition.
Drake Road, Skegness, PE25 falls within the PE25 postal district, in the borough of East Lindsey.
Our Data Sources
9, Drake Road, Skegness has 21 entries in the Land Registry , most recently in May 2016 and a single entry in the EPC database dated March 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 9, Drake Road, Skegness, we estimate a market value of £425,565 and a rental value of £1,644 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £376,929 and £1,456 per month respectively.
Recent Market Change
Over the last year, 9, Drake Road, Skegness has seen its estimated sale value fall by £21,441 (5.3%) and its estimated rental value move up by £24 per month (1.6%). This results in an estimated gross rental yield of 4.6%.
Plot Size
HM Land Registry records the plot of land for 9, Drake Road, Skegness as measuring 836 m2.
That makes it the 6th largest plot in the postcode, where 6 of the 8 other houses have recorded plot data.
Energy Efficiency
9, Drake Road, Skegness has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Mar 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas, Electric storage heaters.
Sold Prices
The most recent sale of 9, Drake Road, Skegness completed on 23rd May 2016 at £287,000 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 34.6% over the period since May 2016.
- Sold May 2016£287,000
- Sold May 1997£90,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 9, Drake Road, Skegness have sold within a radius of 1.1 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 14th November 2024, was 318, Drummond Road, Skegness, PE25 3AY, a freehold house which sold for £475,000.
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 12 addresses on Drake Road, Skegness, PE25, 9, Drake Road, Skegness comes out as the 3rd largest and the 4th most expensive in our analysis of the public data.
It is also £174k more expensive than the average property across the PE25 district.
More reading links
Schools Nearby
- 1.1kmThe Richmond Primary Academy
- 2.1kmSkegness Infant Academy
- 2.2kmSkegness Junior Academy
- 2.2kmSkegness Grammar School
- 2.5kmSkegness Academy
- 17.3kmKing Edward VI Academy
More reading links
Public Transport Nearby
From 9, Drake Road, Skegness, the nearest station is Skegness, 1.5 kilometres away.
- 1.5kmSkegness
- 4.7kmHavenhouse
- 7.5kmWainfleet
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.
