Flat 7, 114
Flat 7, 114
Description & Estimates
The public record describes Flat 7, 114, Drummond Road, Skegness as a period apartment with 312 ft2 of internal area.
In this area, apartments of this size normally have 1 bedroom.
Flat 7, 114, Drummond Road, Skegness has an estimated sale value of £66,094 and an estimated rental value of £462 per month, assuming reasonable condition and based on the information available.
The apartment sits within 114, Drummond Road, Skegness, PE25.
Drummond Road, Skegness, PE25 lies in the borough of East Lindsey, within the PE25 postal district.
Our Data Sources
Flat 7, 114, Drummond Road, Skegness has no records in the the Land Registry and a single entry in the EPC database dated July 2021.
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
In very good condition, we estimate Flat 7, 114, Drummond Road, Skegness would be worth £69,399, with a potential rental value of £485 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £61,467, with a rental value of £430 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 7, 114, Drummond Road, Skegness has dropped by £966 (1.5%) over the last year. During the same period, its estimated monthly rental value has risen by £26 (5.6%). The property's estimated gross yield is currently 8.4%.
Energy Efficiency
Flat 7, 114, Drummond Road, Skegness has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 23 Jul 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using No system present: electric heaters assumed.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 710 metres of Flat 7, 114, Drummond Road, Skegness across the last 2 years.
Most recently, Flat 1, 2, Lawn Avenue, Skegness, PE25 3QD, a leasehold flat, sold at £145,000 on the 28th April 2022.
Read more about house prices in PE25.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks Flat 7, 114, Drummond Road, Skegness as the 397th largest and the 388th most expensive of the 417 addresses on Drummond Road, Skegness, PE25.
Against the PE25 postcode district average, it is £165k less expensive than the typical property.
More reading links
Schools Nearby
- 600mThe Richmond Primary Academy
- 1.3kmSkegness Infant Academy
- 1.4kmSkegness Junior Academy
- 1.5kmSkegness Grammar School
- 1.8kmSkegness Academy
- 17.2kmJohn Spendluffe Foundation Technology College
More reading links
Public Transport Nearby
Skegness station is the nearest stop to Flat 7, 114, Drummond Road, Skegness at 900 metres away.
- 900mSkegness
- 5.2kmHavenhouse
- 8.0kmWainfleet
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.
