2, MONTGOMERY ROAD, SKEGNESS, PE25 2EX - £160,000

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 MONTGOMERY ROAD is a very small detached house of 57m², built sometime between 1967 and 1975. It was last sold for £160,000 in June 2024, which was around 41% below the average June 2024 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2024, where the current energy rating was D, and the potential energy rating was B.

2 MONTGOMERY ROAD Sold Prices

Land registry data shows three sales for 2 MONTGOMERY ROAD 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 MONTGOMERY ROAD 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
2024 11 JUN	£160,000	£270,949	41% below HPI
2003 1 SEP	£55,000	£133,978	59% below HPI
1995 18 AUG	£44,000	£54,665	20% below HPI

2 MONTGOMERY ROAD 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 MONTGOMERY ROAD sales between August 1995 and June 2024 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 September 2003 sale was for 59% below the HPI. So the extrapolation line tracks at 59% below the HPI over time, until the June 2024 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 2 MONTGOMERY ROAD?

2 MONTGOMERY ROAD is 57m² according to the EPC inspection conducted in January 2024. This puts it in the smallest 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 MONTGOMERY ROAD lies on this distribution: 4% of detached houses are smaller than 2 MONTGOMERY ROAD, and 95% of houses are larger. Note that EPC data is not available for all properties in Skegness.

2 MONTGOMERY ROAD: Plot and Title Map

2 MONTGOMERY ROAD sits on a plot of roughly 0.057 of an acre, or 232m². The below map shows the location of 2 MONTGOMERY ROAD, 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 MONTGOMERY ROAD). 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 MONTGOMERY ROAD?

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