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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 OCEAN AVENUE is a very large detached house of 198m², built sometime before 1900, which could now be worth an estimated £300,207. It was last sold for £180,000 in March 2006, which was around 5% 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	£170,812	5% above HPI
1997 8 MAY	£65,000	£60,282	8% 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 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the March 2006 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 1 OCEAN AVENUE be worth now?

1 OCEAN AVENUE might now be worth an estimated £300,207.

This is based on house price inflation of 66.8%, between March 2006 and March 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 66.8% inflationary increase is applied to the most recent sale price for 1 OCEAN AVENUE of £180,000 on 23rd March 2006. For the value to have increased from £180,000 to £300,207 over the nineteen years to March 2025, the following assumptions must hold true:

• The value of 1 OCEAN AVENUE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The March 2006 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 1 OCEAN AVENUE has not materially changed since March 2006.

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 houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses houses by size in Skegness, and where 1 OCEAN AVENUE lies on this distribution: 95% of detached houses 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.