2, DOWSING WAY, SKEGNESS, PE25 1LE - £126,000

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 DOWSING WAY is a very small detached house of 66m², built sometime between 1983 and 1990. It was last sold for £126,000 in April 2015, which was around 29% below the average April 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

2 DOWSING WAY Sold Prices

Land registry data shows three sales for 2 DOWSING WAY 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 2 DOWSING WAY 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
2015 14 APR	£126,000	£176,599	29% below HPI
2007 10 AUG	£138,000	£192,296	28% below HPI
1997 2 APR	£47,000	£58,054	19% below HPI

2 DOWSING WAY 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 2 DOWSING WAY sales between April 1997 and April 2015 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 August 2007 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the April 2015 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 2 DOWSING WAY?

2 DOWSING WAY is 66m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 20% 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 DOWSING WAY lies on this distribution: 13% of detached houses are smaller than 2 DOWSING WAY, and 85% of houses are larger. Note that EPC data is not available for all properties in Skegness.

2 DOWSING WAY: Plot and Title Map

2 DOWSING WAY sits on a plot of roughly 0.063 of an acre, or 255m². The below map shows the location of 2 DOWSING WAY, 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 DOWSING WAY). 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 DOWSING WAY?

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