Flat 2, 59
Flat 2, 59
Description & Estimates
According to the public record, Flat 2, 59, Lumley Avenue, Skegness is an early-century apartment with 430 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, 59, Lumley Avenue, Skegness is £58,036 and the estimated rental value is £418 per month.
The apartment is within 59, Lumley Avenue, Skegness, PE25.
Lumley Avenue, Skegness, PE25 is located in the borough of East Lindsey within the PE25 postal district.
Our Data Sources
Flat 2, 59, Lumley Avenue, Skegness has no recent1 records in the the Land Registry and a single entry in the EPC database dated October 2017.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 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, 59, Lumley Avenue, Skegness is in very good condition we estimate a sale value of £60,938 and a rental value of £439 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £53,973 and a rental value of £389 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 2, 59, Lumley Avenue, Skegness has dropped by £964 (1.7%), while its estimated rental value has risen by £23 per month (5.6%). Based on current estimates, the property offers a gross rental yield of 8.6%.
Energy Efficiency
Flat 2, 59, Lumley Avenue, Skegness has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Oct 2017.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
According to HM Land Registry, Flat 2, 59, Lumley Avenue, Skegness was last sold on 3rd November 1997 for £34,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
- Sold Nov 1997£34,000
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, 59, Lumley Avenue, Skegness within a radius of 500 metres over the last 2 years.
The most recent example is Flat 8, 42, Sunningdale Drive, Skegness, PE25 1AY, a leasehold flat which sold for £74,000 on the 27th September 2024.
Read more about house prices in PE25.
- Sold Sep 2024£74,000 | 2 Bed Flat42, Sunningdale DriveFlat 8, 42, Sunningdale Drive, Skegness, PE25 1AY
- Sold Apr 2023£60,000 | 2 Bed Flat21, Scarbrough AvenueFlat 11, 21, Scarbrough Avenue, Skegness, PE25 2SZ
- Sold Aug 2016£28,000 | 2 Bed Flat21, Scarbrough AvenueFlat 1, 21, Scarbrough Avenue, Skegness, PE25 2SZ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Lumley Avenue, Skegness, PE25 has a total of 131 addresses. According to our analysis of all the public data, Flat 2, 59, Lumley Avenue, Skegness is the 100th largest and the 122nd most expensive property on the street.
When compared to the postcode district it is £173k less expensive than the average property in PE25.
More reading links
Schools Nearby
- 400mSkegness Junior Academy
- 400mSkegness Infant Academy
- 1.0kmThe Richmond Primary Academy
- 600mSkegness Grammar School
- 900mSkegness Academy
- 16.3kmJohn Spendluffe Foundation Technology College
More reading links
Public Transport Nearby
The closest station to Flat 2, 59, Lumley Avenue, Skegness is Skegness station, which is 700 metres away.
- 700mSkegness
- 5.9kmHavenhouse
- 8.6kmWainfleet
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 medium.
