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

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.

2 DERBY AVENUE is a very large extended detached house of 170m², built sometime between 1900 and 1929, which could now be worth an estimated £329,661. It was last sold for £280,000 in July 2021, which was around 15% 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	£243,130	15% above HPI
2008 16 MAY	£228,500	£180,664	26% above HPI
1999 3 DEC	£87,500	£72,104	21% above HPI
1998 30 SEP	£73,000	£66,334	10% above HPI
1998 16 JAN	£71,000	£63,991	11% 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 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the July 2021 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 2 DERBY AVENUE be worth now?

2 DERBY AVENUE might now be worth an estimated £329,661.

This is based on house price inflation of 17.7%, between July 2021 and February 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 17.7% inflationary increase is applied to the most recent sale price for 2 DERBY AVENUE of £280,000 on 16th July 2021. For the value to have increased from £280,000 to £329,661 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of 2 DERBY AVENUE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The July 2021 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 2 DERBY AVENUE has not materially changed since July 2021.

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 houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses houses by size in Skegness, and where 2 DERBY AVENUE lies on this distribution: 92% of detached houses 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.