Drummond Road, Skegness, PE25
NE

Drummond Road, Skegness, PE25

By Newton Fallowell

£ 87,950

Reviews

2 out of 5 stars

Newton Fallowell says ..

NO CHAIN.  An opportunity to purchase a ground floor flat conveniently located for the town centre and beach used by the current vendor as an Airbnb but also suited for investment or first time buyers.  This improved flat has a spacious Lounge, Bedroom, nicely fitted Kitchen and Show...

Property Oracle says ..

This one-bedroom flat located on Drummond Road in Skegness presents a potentially attractive option for first-time buyers, investors, or those seeking a holiday home. Its proximity to the town center and beach is a significant advantage, with easy access to local amenities and attractions. The property appears to have undergone recent renovations or improvements, as evidenced by a modern kitchen and bathroom. Although images show the interior in a clean and well-maintained state, the presence of scaffolding on the exterior suggests current or recent work that may impact the overall condition. The small enclosed rear yard offers limited external space. While the price of £87,950 might seem reasonable given its location and improvements, a full structural survey would be essential to confirm the property’s state of repair and address any potential underlying maintenance concerns. The lack of precise comparable property data complicates a robust per-square-foot price comparison. Overall, the property presents a good opportunity, but prospective buyers should carefully consider the potential for necessary repairs or further maintenance.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
2
Bedrooms
1
Bathrooms
1
Sqft (est)
515.90

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
106,875.00 £
Decreased by 56.21 %
from 244,045.00 £
Est sale value
43,851.50 £
Decreased by 62.39 %
from 116,593.40 £
Average area rental value
993.00 £/mo
Increased by 57.37 %
from 631.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
11.15 %
Increased by 259.68 %
from 3.10 %
Crime Rate
19.00 %
Unchanged by 0.00 %
from 19.00 %

Agent Activity

  • Newton Fallowell created the listing.

Nearby Schools

NameTypeOfstedDistance
The Richmond School, SkegnessCommunity SchoolRequires improvement0.96 KM
Skegness Junior AcademyAcademy Sponsor LedGood1.16 KM
Skegness Infant AcademyAcademy ConverterGood1.16 KM
Skegness Grammar SchoolAcademy ConverterGood1.39 KM
Skegness AcademyAcademy Sponsor LedRequires improvement1.84 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Beresford Close £ 130,00000.00 KM
Grand Parade £ 142,50000.00 KM
Beresford Crescent £ 000.00 KM
Briar Close £ 000.00 KM
Vine Walk £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Skegness6265SKG0.99 KM
Havenhouse6260HVN8.22 KM

Nearby Listings

AddressPriceTypeScoreDistance
Drummond Road, Skegness, PE25 £ 87,950BUY5 / 100.00 KM
South Parade, Skegness, PE25 £ 122,490BUY5 / 100.06 KM
South Parade, Skegness £ 320,000BUY6 / 100.06 KM
South Parade, Skegness, PE25 £ 365,000BUY4 / 100.07 KM
South Parade, Skegness, PE25 £ 98,500BUY6 / 100.11 KM

Nearby Properties

AddressPriceDistance
3 Drummond Road £ 63,0000.03 KM
14a South Parade £ 135,0000.06 KM
6 Willoughton Road £ 147,0000.20 KM
23 Willoughton Road £ 42,0000.20 KM
21 Willoughton Road £ 110,0000.20 KM