Flat 2, 5
Flat 2, 5
Description & Estimates
According to the public record, Flat 2, 5, Vernon Road, Skegness is a period apartment with 269 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 2, 5, Vernon Road, Skegness is £57,477 and the estimated rental value is £402 per month.
The apartment is within 5, Vernon Road, Skegness, PE25.
Vernon Road, Skegness, PE25 is located in the borough of East Lindsey within the PE25 postal district.
Our Data Sources
Flat 2, 5, Vernon Road, Skegness has no records in the the Land Registry and a single entry in the EPC database dated April 2021.
We combine this information with public data 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
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, 5, Vernon Road, Skegness is in very good condition we estimate a sale value of £60,351 and a rental value of £422 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £53,454 and a rental value of £374 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 2, 5, Vernon Road, Skegness has declined by £840 (1.5%), while its estimated rental value has climbed by £23 per month (5.6%). Based on current estimates, the property offers a gross rental yield of 8.4%.
Energy Efficiency
Flat 2, 5, Vernon Road, Skegness has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Apr 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there has been 1 sale of a property similar to Flat 2, 5, Vernon Road, Skegness within a radius of 570 metres over the last 2 years.
The most recent example is Flat 2, Alderney House 71, Roman Bank, Skegness, PE25 2SW, a leasehold flat which sold for £47,000 on the 25th November 2015.
Read more about house prices in PE25.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Vernon Road, Skegness, PE25 has a total of 37 addresses. According to our analysis of all the public data, Flat 2, 5, Vernon Road, Skegness is the 32nd largest and the 32nd most expensive property on the street.
When compared to the postcode district it is £174k less expensive than the average property in PE25.
More reading links
Schools Nearby
- 200mSkegness Infant Academy
- 300mSkegness Junior Academy
- 600mBeacon Primary Academy
- 100mSkegness Grammar School
- 400mSkegness Academy
- 15.8kmJohn Spendluffe Foundation Technology College
More reading links
Public Transport Nearby
The closest station to Flat 2, 5, Vernon Road, Skegness is Skegness station, which is 600 metres away.
- 600mSkegness
- 5.5kmHavenhouse
- 8.1kmWainfleet
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.
