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Public records show Flat 2, Willcliff, Skegness to be a modern leasehold apartment with 538 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 2, Willcliff, Skegness has an estimated sale value of £59,838 and an estimated rental value of £416 per month, assuming reasonable condition and based on the information available.
The apartment sits within Willcliff, Clifton Grove, Skegness, PE25.
Clifton Grove, Skegness, PE25 lies in the borough of East Lindsey, within the PE25 postal district.
Flat 2, Willcliff, Skegness has 3 entries in the Land Registry , most recently in October 2022 and a single entry in the EPC database dated July 2015.
We combine this information with that 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.
In very good condition, we estimate Flat 2, Willcliff, Skegness would be worth £62,830, with a potential rental value of £436 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £55,650, with a rental value of £387 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of Flat 2, Willcliff, Skegness has moved down by £994 (1.7%) over the last year. During the same period, its estimated monthly rental value has increased by £23 (5.6%). The property's estimated gross yield is currently 8.3%.
Flat 2, Willcliff, Skegness has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Jul 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
Flat 2, Willcliff, Skegness last changed hands on 4th October 2022, selling for £63,950. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold 3 times since 1995.
The market for similar properties has risen by 17.0% since October 2022.
Land Registry records and our Estate Agent network show 1 sale of a comparable property within 660 metres of Flat 2, Willcliff, Skegness across the last 2 years.
Most recently, 140B, Drummond Road, Skegness, PE25 3ES, a leasehold flat, sold at £48,000 on the 30th June 2015.
Read more about house prices in PE25.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks Flat 2, Willcliff, Skegness as the 20th largest and the 20th most expensive of the 20 addresses on Clifton Grove, Skegness, PE25.
Against the PE25 postcode district average, it is £171k less expensive than the typical property.
Skegness station is the nearest stop to Flat 2, Willcliff, Skegness at 900 metres away.
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Environment Agency data suggests this area has a low risk of flooding.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 2, Willcliff, Skegness, 47.5% of property is privately rented and 30.5% 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, Willcliff, Skegness, 15.8% of residents are recorded as possessing school level qualifications and 18.9% 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, Willcliff, 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, Willcliff, Skegness, 0.3% 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, Willcliff, Skegness, there are an average of 1.0 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.