10, OCEAN AVENUE, SKEGNESS, PE25 3DN - £175,500

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

10 OCEAN AVENUE is a midsized extended detached house of 105m², built sometime between 1930 and 1949. It was last sold for £175,500 in October 2018, which was around 20% below the average October 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2015, where the current energy rating was E, and the potential energy rating was C.

10 OCEAN AVENUE Sold Prices

Land registry data shows five sales for 10 OCEAN AVENUE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the five 10 OCEAN AVENUE sales were for below 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
2018 31 OCT	£175,500	£218,755	20% below HPI
2014 30 MAY	£143,000	£172,441	17% below HPI
2005 19 MAY	£167,450	£171,373	2% below HPI
1998 21 OCT	£59,950	£64,551	7% below HPI
1996 6 SEP	£57,000	£58,109	2% below HPI

10 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 five 10 OCEAN AVENUE sales between September 1996 and October 2018 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 2014 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the October 2018 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 10 OCEAN AVENUE?

10 OCEAN AVENUE is 105m², which includes one extension, according to the EPC inspection conducted in November 2015. This puts it in the largest 50% of detached houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses by size in Skegness, and where 10 OCEAN AVENUE lies on this distribution: 59% of detached houses are smaller than 10 OCEAN AVENUE, and 40% of houses are larger. Note that EPC data is not available for all properties in Skegness.

10 OCEAN AVENUE: Plot and Title Map

10 OCEAN AVENUE sits on a plot of roughly 0.051 of an acre, or 208m². The below map shows the location of 10 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 10 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 10 OCEAN AVENUE?

10 OCEAN AVENUE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 10 on OCEAN AVENUE.