Apartment 5, Victory House Beacon Park Drive, Skegness, PE25 1GE is a leasehold flat built between 1967-1975. The property offers approximately 678 square feet of living space and is situated on the 2nd floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £88,648 , which equates to approximately £131 per square foot. It was last sold on 10 Mar 2006 for £69,950. Since then, the value has increased by £18,698, representing a 26.7% increase, or approximately 1.4% per year.

The current estimated value of £88,648 is:

  • 57.7% lower than the average property price on Beacon Park Drive
  • 51.2% lower than the average in the PE25 1GE postcode area
  • and 63.4% lower than the average price for Skegness as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as rented both times. This suggests the property has often been rented out, which may indicate use as an investment or buy-to-let.

At the most recent EPC inspection on 23 May 2021, the property was recorded as rented.

View sold house prices in PE25 1GE

Building approximate location

About Property

Type
Flat
Built
1967-1975
Interior Size
678 sq ft
Tenure
Leasehold
Floor level
2nd floor
Price (estimate)
£88,648
Price Per sq ft (estimate)
£131
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Apartment 5, Victory House Beacon Park Drive, Skegness, East Lindsey, Lincolnshire, PE25 1GE has an Energy Performance Certificate (EPC) rating of E, based on the latest assessment carried out on 23 May 2021.

This property uses electric room heaters as its main heating source. A standard tariff electric immersion heater is used to provide hot water. The windows are fully double glazed.

The previous EPC assessment was conducted on 9 Nov 2020, when the property was rated C. The current rating of E reflects a decline in energy efficiency of 34.2%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from electric storage heaters to room heaters, electric, changing energy efficiency from average to very poor.
  • The hot water system was changed from electric immersion, off-peak to electric immersion, standard tariff, with its energy efficiency changing from average to very poor.
  • The wall construction or insulation changed from cavity wall, as built, insulated (assumed) to cavity wall, as built, no insulation (assumed), changing energy efficiency from good to poor.
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric immersion, standard tariff
Very Poor
Roof
Pitched, 250 mm loft insulation
Good
Walls
Cavity wall, as built, no insulation (assumed)
Poor
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to PE25 1GE

15 th / 15
Price Rank
51% lower than average
6 th / 12
Size Rank
19% smaller than average
12 th / 12
Price Per Sq FT Rank
40% lower than average

Compared to other properties in PE25 1GE , this flat's estimated value ranks 15th out of 15. Based on price per square foot, it ranks 12th out of 12 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 6th out of 12 properties in its postcode area.

Sale History

Today
£88,648
streetscan.co.uk estimate
+27 %
10 Mar 2006
£69,950
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 603 sq ft
sale price: £93,000
sale date: 30 Sep 2020
rooms: 3
size: 646 sq ft
sale price: £87,500
sale date: 22 Mar 2016
rooms: 3
size: 592 sq ft
sale price: £95,000
sale date: 4 Jul 2024
rooms: 2
size: 657 sq ft
sale price: £97,950
sale date: 7 Jun 2024
rooms: 2
size: 581 sq ft
sale price: £95,000
sale date: 16 Dec 2022

Data Sources

The property at Apartment 5, Victory House Beacon Park Drive, Skegness, East Lindsey, Lincolnshire, PE25 1GE appears once in the Land Registry records, with the transaction recorded on 10 Mar 2006. It also has four Energy Performance Certificates (EPC) entries, the earliest dating back to 23 May 2021. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


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