5A, Lumley Road
5A, Lumley Road
Description & Estimates
5A, Lumley Road, Skegness is recorded publicly as a period Leasehold apartment across 430 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 5A, Lumley Road, Skegness is £99,395 and its rental estimate is £604 per month, given the available information and assuming reasonable condition.
5, Lumley Road is a residential building on Lumley Road, Skegness, PE25 and falls within the PE25 postal district and the borough of East Lindsey.
Our Data Sources
5A, Lumley Road, Skegness has 21 entries in the Land Registry , most recently in November 2019 and a single entry in the EPC database dated July 2020.
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 5A, Lumley Road, Skegness, we estimate a market value of £104,365 and a rental value of £634 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £92,437 and £562 per month respectively.
Recent Market Change
Over the last year, 5A, Lumley Road, Skegness has seen its estimated sale value decline by £1,034 (1.0%) and its estimated rental value climb by £38 per month (6.3%). This results in an estimated gross rental yield of 7.3%.
Energy Efficiency
5A, Lumley Road, Skegness has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 08 Jul 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using No system present: electric heaters assumed.
Sold Prices
The most recent sale of 5A, Lumley Road, Skegness completed on 25th November 2019 at £90,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 10.8% over the period since November 2019.
- Sold Nov 2019£90,000
- Sold Aug 1995£15,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 5A, Lumley Road, Skegness have sold within a radius of 530 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 1st October 2024, was 41, High Street, Skegness, PE25 3NY, a leasehold flat which sold for £200,000.
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 37 addresses on Lumley Road, Skegness, PE25, 5A, Lumley Road, Skegness comes out as the 33rd largest and the 37th most expensive in our analysis of the public data.
It is also £132k less expensive than the average property across the PE25 district.
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Schools Nearby
- 500mThe Richmond Primary Academy
- 500mSkegness Infant Academy
- 600mSkegness Junior Academy
- 700mSkegness Grammar School
- 1.0kmSkegness Academy
- 16.4kmJohn Spendluffe Foundation Technology College
More reading links
Public Transport Nearby
From 5A, Lumley Road, Skegness, the nearest station is Skegness, 200 metres away.
- 200mSkegness
- 5.4kmHavenhouse
- 8.1kmWainfleet
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 low, based on Environment Agency data.
