Flat 2, 40
Flat 2, 40
Description & Estimates
According to the public record, Flat 2, 40, South Parade, Skegness is a period leasehold apartment with 624 ft2 of internal area.
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 2, 40, South Parade, Skegness is £95,604 and the estimated rental value is £634 per month.
The apartment is within 40, South Parade, Skegness, PE25.
South Parade, Skegness, PE25 is located in the borough of East Lindsey within the PE25 postal district.
Our Data Sources
Flat 2, 40, South Parade, Skegness has a single entry in the Land Registry from January 2007 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 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
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 2, 40, South Parade, Skegness is in very good condition we estimate a sale value of £100,384 and a rental value of £665 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £88,912 and a rental value of £589 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 2, 40, South Parade, Skegness has declined by £1,588 (1.7%), while its estimated rental value has climbed by £36 per month (5.6%). Based on current estimates, the property offers a gross rental yield of 8.0%.
Energy Efficiency
Flat 2, 40, South Parade, Skegness has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Jul 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, Flat 2, 40, South Parade, Skegness was last sold on 26th January 2007 for £88,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since January 2007, the market for similar properties has risen by 12.5%.
- Sold Jan 2007£88,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 40, South Parade, Skegness within a radius of 750 metres over the last 2 years.
The most recent example is Flat, 2-4, Rutland Road, Skegness, PE25 2AD, a leasehold flat which sold for £570,000 on the 1st December 2025.
Read more about house prices in PE25.
- Sold Dec 2025£570,000 | 2 Bed FlatFlat, 2-4, Rutland Road, Skegness, PE25 2ADFlat, 2-4, Rutland Road, Skegness, PE25 2AD
- Sold Jul 2021£110,000 | 2 Bed FlatFlat 7, 42, South Parade, Skegness, PE25 3HWFlat 7, 42, South Parade, Skegness, PE25 3HW
- Sold Apr 2021£75,500 | 2 Bed FlatFlat 9, 42, South Parade, Skegness, PE25 3HWFlat 9, 42, South Parade, Skegness, PE25 3HW
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
South Parade, Skegness, PE25 has a total of 121 addresses. According to our analysis of all the public data, Flat 2, 40, South Parade, Skegness is the 53rd largest and the 87th most expensive property on the street.
When compared to the postcode district it is £135k less expensive than the average property in PE25.
More reading links
Schools Nearby
- 600mThe Richmond Primary Academy
- 1.0kmSkegness Infant Academy
- 1.1kmSkegness Junior Academy
- 1.2kmSkegness Grammar School
- 1.5kmSkegness Academy
- 17.0kmJohn Spendluffe Foundation Technology College
More reading links
Public Transport Nearby
The closest station to Flat 2, 40, South Parade, Skegness is Skegness station, which is 700 metres away.
- 700mSkegness
- 5.5kmHavenhouse
- 8.2kmWainfleet
Available Internet Speeds
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.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be low.
