Flat 3, 7
Flat 3, 7
Description & Estimates
The public record describes Flat 3, 7, Vernon Road, Skegness as an early-century apartment with 322 ft2 of internal area.
In this area, apartments of this size normally have 1 bedroom.
Flat 3, 7, Vernon Road, Skegness has an estimated sale value of £62,209 and an estimated rental value of £435 per month, assuming reasonable condition and based on the information available.
The apartment sits within 7, Vernon Road, Skegness, PE25.
Vernon Road, Skegness, PE25 lies in the borough of East Lindsey, within the PE25 postal district.
Our Data Sources
Flat 3, 7, 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
In very good condition, we estimate Flat 3, 7, Vernon Road, Skegness would be worth £65,320, with a potential rental value of £457 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £57,855, with a rental value of £405 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 3, 7, Vernon Road, Skegness has moved down by £909 (1.5%) over the last year. During the same period, its estimated monthly rental value has increased by £24 (5.6%). The property's estimated gross yield is currently 8.4%.
Energy Efficiency
Flat 3, 7, 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 Electric storage heaters.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 570 metres of Flat 3, 7, Vernon Road, Skegness across the last 2 years.
Most recently, Flat 3, 65, Castleton Boulevard, Skegness, PE25 2TT, a leasehold flat, sold at £60,000 on the 9th July 2019.
Read more about house prices in PE25.
- Sold Jul 2019£60,000 | 1 Bed Flat65, Castleton BoulevardFlat 3, 65, Castleton Boulevard, Skegness, PE25 2TT
- Sold Jul 2017£48,000 | 1 Bed FlatHigh Ash Court , Roman BankFlat 3, High Ash Court , Roman Bank, Skegness, PE25 2RU
- Sold Nov 2015£47,000 | 1 Bed FlatAlderney House 71, Roman BankFlat 2, Alderney House 71, Roman Bank, Skegness, PE25 2SW
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks Flat 3, 7, Vernon Road, Skegness as the 25th largest and the 25th most expensive of the 37 addresses on Vernon Road, Skegness, PE25.
Against the PE25 postcode district average, it is £169k less expensive than the typical property.
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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
Skegness station is the nearest stop to Flat 3, 7, Vernon Road, Skegness at 600 metres away.
- 600mSkegness
- 5.5kmHavenhouse
- 8.1kmWainfleet
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a low risk of flooding.
