2, DERBY AVENUE, SKEGNESS, PE25 3DH - £280,000

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

2 DERBY AVENUE is a very large extended detached house of 170m², built sometime between 1900 and 1929. It was last sold for £280,000 in July 2021, which was around 17% above the average July 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was December 2020, where the current energy rating was D, and the potential energy rating was C.

2 DERBY AVENUE Sold Prices

Land registry data shows five sales for 2 DERBY 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 2 DERBY 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
2021 16 JUL	£280,000	£239,638	17% above HPI
2008 16 MAY	£228,500	£178,069	28% above HPI
1999 3 DEC	£87,500	£71,069	23% above HPI
1998 30 SEP	£73,000	£65,381	12% above HPI
1998 16 JAN	£71,000	£63,072	13% above HPI

2 DERBY 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 2 DERBY AVENUE sales between January 1998 and July 2021 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 2008 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the July 2021 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is 2 DERBY AVENUE?

2 DERBY AVENUE is 170m², which includes four extensions, according to the EPC inspection conducted in December 2020. 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 2 DERBY AVENUE lies on this distribution: 92% of detached houses are smaller than 2 DERBY AVENUE, and 8% of houses are larger. Note that EPC data is not available for all properties in Skegness.

2 DERBY AVENUE: Plot and Title Map

2 DERBY AVENUE sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 2 DERBY 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 2 DERBY 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 2 DERBY AVENUE?

2 DERBY AVENUE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 2 on DERBY AVENUE.