Flat 1, 47
Flat 1, 47
Description & Estimates
Flat 1, 47, Grosvenor Road, Skegness is recorded publicly as a period leasehold apartment across 452 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of Flat 1, 47, Grosvenor Road, Skegness is £131,220 and its rental estimate is £569 per month, given the available information and assuming reasonable condition.
47, Grosvenor Road is a residential building on Grosvenor Road, Skegness, PE25 and falls within the PE25 postal district and the borough of East Lindsey.
Our Data Sources
Flat 1, 47, Grosvenor Road, Skegness has 21 entries in the Land Registry , most recently in April 2019 and a single entry in the EPC database dated May 2024.
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
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 Flat 1, 47, Grosvenor Road, Skegness, we estimate a market value of £137,781 and a rental value of £597 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £122,034 and £529 per month respectively.
Recent Market Change
Over the last year, Flat 1, 47, Grosvenor Road, Skegness has seen its estimated sale value drop by £1,364 (1.0%) and its estimated rental value rise by £36 per month (6.3%). This results in an estimated gross rental yield of 5.2%.
Energy Efficiency
Flat 1, 47, Grosvenor Road, Skegness has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 04 May 2024.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
Sold Prices
The most recent sale of Flat 1, 47, Grosvenor Road, Skegness completed on 11th April 2019 at £195,000 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 36.4% over the period since April 2019.
- Sold Apr 2019£195,000
- Sold Jan 1998£33,000
Similar Properties Sold Nearby
Over the past 2 years 1 property similar to Flat 1, 47, Grosvenor Road, Skegness has sold within a radius of 540 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 7th December 2007, was Flat 1, 37, Dorothy Avenue, Skegness, PE25 2BZ, a leasehold flat which sold for £210,000.
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 172 addresses on Grosvenor Road, Skegness, PE25, Flat 1, 47, Grosvenor Road, Skegness comes out as the 102nd largest and the 57th most expensive in our analysis of the public data.
It is also £100k less expensive than the average property across the PE25 district.
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Schools Nearby
- 100mSkegness Infant Academy
- 200mSkegness Junior Academy
- 800mBeacon Primary Academy
- 200mSkegness Grammar School
- 500mSkegness Academy
- 16.0kmJohn Spendluffe Foundation Technology College
More reading links
Public Transport Nearby
From Flat 1, 47, Grosvenor Road, Skegness, the nearest station is Skegness, 500 metres away.
- 500mSkegness
- 5.5kmHavenhouse
- 8.2kmWainfleet
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.
