18, OCEAN AVENUE, SKEGNESS, PE25 3DN - £135,000

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.

18 OCEAN AVENUE is a small detached house of 71m², built sometime between 1983 and 1990, which could now be worth an estimated £212,217. It was last sold for £135,000 in October 2014, which was around 26% below the average October 2014 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2009, where the current energy rating was E, and the potential energy rating was D.

18 OCEAN AVENUE Sold Prices

Land registry data shows three sales for 18 OCEAN AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three 18 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
2014 17 OCT	£135,000	£181,226	26% below HPI
2012 24 JAN	£125,000	£164,747	24% below HPI
1997 27 AUG	£51,000	£62,190	18% below HPI

18 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 three 18 OCEAN AVENUE sales between August 1997 and October 2014 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 January 2012 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the October 2014 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 18 OCEAN AVENUE be worth now?

18 OCEAN AVENUE might now be worth an estimated £212,217.

This is based on house price inflation of 57.2%, between October 2014 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 57.2% inflationary increase is applied to the most recent sale price for 18 OCEAN AVENUE of £135,000 on 17th October 2014. For the value to have increased from £135,000 to £212,217 over the eleven years and seven months to March 2025, the following assumptions must hold true:

• The value of 18 OCEAN AVENUE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The October 2014 sale price of £135,000 represented a fair market value for the property.
• The size, condition, and specification of 18 OCEAN AVENUE has not materially changed since October 2014.

How Large is 18 OCEAN AVENUE?

18 OCEAN AVENUE is 71m² according to the EPC inspection conducted in September 2009. This puts it in the smallest 30% 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 18 OCEAN AVENUE lies on this distribution: 21% of detached houses houses are smaller than 18 OCEAN AVENUE, and 79% of houses are larger. Note that EPC data is not available for all properties in Skegness.

18 OCEAN AVENUE: Plot and Title Map

18 OCEAN AVENUE sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 18 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 18 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 18 OCEAN AVENUE?

18 OCEAN AVENUE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 18 on OCEAN AVENUE.