1, OCEAN AVENUE, SKEGNESS, PE25 3DN - £180,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 OCEAN AVENUE is a very large detached house of 198m², built sometime before 1900. It was last sold for £180,000 in March 2006, which was around 7% above the average March 2006 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2016, where the current energy rating was E, and the potential energy rating was D.

1 OCEAN AVENUE Sold Prices

Land registry data shows two sales for 1 OCEAN AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 1 OCEAN AVENUE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2006 23 MAR	£180,000	£168,359	7% above HPI
1997 8 MAY	£65,000	£59,416	9% above HPI

1 OCEAN AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two 1 OCEAN AVENUE sales from May 1997 and March 2006 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 1997 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the March 2006 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 1 OCEAN AVENUE?

1 OCEAN AVENUE is 198m² according to the EPC inspection conducted in February 2016. This puts it in the largest 10% of detached houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses by size in Skegness, and where 1 OCEAN AVENUE lies on this distribution: 95% of detached houses are smaller than 1 OCEAN AVENUE, and 5% of houses are larger. Note that EPC data is not available for all properties in Skegness.

1 OCEAN AVENUE: Plot and Title Map

1 OCEAN AVENUE sits on a plot of roughly 0.068 of an acre, or 276m². The below map shows the location of 1 OCEAN AVENUE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 OCEAN AVENUE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 OCEAN AVENUE?

1 OCEAN AVENUE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 1 on OCEAN AVENUE.