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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
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According to the public record, Flat 2, Above Workshop, Skegness is a period leasehold apartment with 785 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, Above Workshop, Skegness is £86,965 and the estimated rental value is £523 per month.
The apartment is within Above Workshop, Brian Avenue, Skegness, PE25.
Brian Avenue, Skegness, PE25 is located in the borough of East Lindsey within the PE25 postal district.
Flat 2, Above Workshop, Skegness has a single entry in the Land Registry from August 2022 and a single entry in the EPC database dated November 2023.
We combine this information with that 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.
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, Above Workshop, Skegness is in very good condition we estimate a sale value of £91,314 and a rental value of £549 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £80,878 and a rental value of £486 per month.
Over the last 12 months the sale value of Flat 2 Above Workshop Skegness has decreased by an estimated £2,086 (2.4%) and its rental value has increased by an estimated £25 per month (4.8%), giving an expected gross yield of 7.2%.
Flat 2, Above Workshop, Skegness has an Energy Performance Rating (EPC) of G. This is based on the most recent assessment, dated 28 Nov 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, electric.
According to HM Land Registry, Flat 2, Above Workshop, Skegness was last sold on 25th August 2022 for £95,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since August 2022, the market for similar properties has risen 12.7%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to Flat 2, Above Workshop, Skegness within a radius of 550 metres over the last 2 years.
The most recent example is Flat 1, Alderney House 71, Roman Bank, Skegness, PE25 2SW, a leasehold flat which sold for £75,000 on the 24th November 2020.
Read more about house prices in PE25.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Brian Avenue, Skegness, PE25 has a total of 38 addresses. According to our analysis of all the public data, Flat 2, Above Workshop, Skegness is the 6th largest and the 36th most expensive property on the street.
When compared to the postcode district it is £143k less expensive than the average property in PE25.
The closest station to Flat 2, Above Workshop, Skegness is Skegness station which is 400 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 2, Above Workshop, Skegness, 43.5% of property is privately rented and 31.3% 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 2, Above Workshop, Skegness, 12.1% of residents are recorded as possessing school level qualifications and 15.1% 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 2, Above Workshop, 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 2, Above Workshop, Skegness, 0.0% 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 2, Above Workshop, Skegness, there are an average of 0.8 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
