According to the public record, 5, Market Close, Skegness is a mid-century apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Market Close, Burgh Le Marsh, Skegness, PE24 is located in the borough of East Lindsey within the PE24 postal district.
5, Market Close, Skegness has no records in the Land Registry database and no records in the EPC database.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 5 Market Close Skegness as £93,001 and the rental value as £544 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 5 Market Close Skegness has increased by £5,417 (5.8%) and its rental value has increased by £23 per month (4.2%).
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 5, Market Close, Skegness is in very good condition we estimate a sale value of £97,651 and rental value of £571 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £86,491 and a rental value of £506 per month.
If you were able to purchase this property for the estimated value of £93,001, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £457 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 76m radius of 5, Market Close, Skegness over the last 2 years.
The most recent example is 71, High Street, Skegness, PE24 5JZ, a Freehold house which sold for £200,500 in Dec 2021.
Read more about house prices in PE24.
Market Close, Burgh Le Marsh, Skegness, PE24 has a total of 8 addresses. According to our analysis of all the public data, 5, Market Close, Skegness is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £102k less expensive than the average property in PE24.
5, Market Close, Skegness has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Jul 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 5, Market Close, Skegness is Thorpe Culvert station which is 5.3 km away.
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 5, Market Close, Skegness, 29.5% of property is privately owned outright and 24.2% is privately rented.
The graph below shows how this compares to Greater London 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 5, Market Close, Skegness, 18.6% of residents are recorded as possessing school level qualifications and 20.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 5, Market Close, Skegness, the average age was 47.5 and the most common age was 72.
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 5, Market Close, Skegness, 0.6% 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 5, Market Close, Skegness, there are an average of 1.3 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.