3, FRANKLIN AVENUE, SKEGNESS, PE25 3DP - £185,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 FRANKLIN AVENUE is a midsized detached house of 102m², built sometime between 1930 and 1949. It was last sold for £185,000 in January 2022, which was around 31% below the average January 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was C.

3 FRANKLIN AVENUE Sold Prices

Land registry data shows five sales for 3 FRANKLIN 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 3 FRANKLIN 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
2022 18 JAN	£185,000	£266,197	31% below HPI
2020 29 MAY	£148,000	£218,298	32% below HPI
2009 25 SEP	£112,000	£165,486	32% below HPI
2003 8 AUG	£100,000	£135,527	26% below HPI
1997 8 OCT	£47,000	£61,363	23% below HPI

3 FRANKLIN 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 3 FRANKLIN AVENUE sales between October 1997 and January 2022 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 2020 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the January 2022 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 3 FRANKLIN AVENUE?

3 FRANKLIN AVENUE is 102m² according to the EPC inspection conducted in January 2020. This puts it in the largest 50% of detached houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses by size in Skegness, and where 3 FRANKLIN AVENUE lies on this distribution: 57% of detached houses are smaller than 3 FRANKLIN AVENUE, and 42% of houses are larger. Note that EPC data is not available for all properties in Skegness.

3 FRANKLIN AVENUE: Plot and Title Map

3 FRANKLIN AVENUE sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of 3 FRANKLIN 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 3 FRANKLIN 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 3 FRANKLIN AVENUE?

3 FRANKLIN AVENUE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 3 on FRANKLIN AVENUE.