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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
According to the public record, Flat 1, 53, Drummond Road, Skegness is a Leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 646 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 1, 53, Drummond Road, Skegness is £76,183 and the estimated rental value is £509 per month.
The apartment is within 53, Drummond Road, Skegness, PE25.
Drummond Road, Skegness, PE25 is located in the borough of East Lindsey within the PE25 postal district.
Flat 1, 53, Drummond Road, Skegness has 31 entries in the Land Registry , most recently in August 2013 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 1, 53, Drummond Road, Skegness is in very good condition we estimate a sale value of £79,992 and a rental value of £534 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £70,850 and a rental value of £473 per month.
Over the last 12 months the sale value of Flat 1 53 Drummond Road Skegness has decreased by an estimated £792 (1.0%) and its rental value has increased by an estimated £32 per month (6.3%), giving an expected gross yield of 8%.
According to HM Land Registry, Flat 1, 53, Drummond Road, Skegness was last sold on 13th August 2013 for £80,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since August 2013, the market for similar properties has risen 58.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 53, Drummond Road, Skegness within a radius of 740 metres over the last 2 years.
The most recent example is Flat 7, 42, South Parade, Skegness, PE25 3HW, a leasehold flat which sold for £110,000 on the 21st July 2021.
Read more about house prices in PE25.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Drummond Road, Skegness, PE25 has a total of 417 addresses. According to our analysis of all the public data, Flat 1, 53, Drummond Road, Skegness is the 241st largest and the 350th most expensive property on the street.
When compared to the postcode district it is £155k less expensive than the average property in PE25.
The closest station to Flat 1, 53, Drummond Road, Skegness is Skegness station which is 800 metres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 1, 53, Drummond Road, Skegness, 63.2% of property is privately rented and 17.0% is privately owned outright.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Flat 1, 53, Drummond Road, Skegness, 13.3% of residents are recorded as possessing school level qualifications and 11.4% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 1, 53, Drummond Road, Skegness, the average age was 43.1 and the most common age was 57.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Flat 1, 53, Drummond Road, Skegness, 0.2% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Flat 1, 53, Drummond Road, Skegness, there are an average of 0.7 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
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