3, NORWOOD ROAD, SKEGNESS, PE25 3AD - £195,000

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 NORWOOD ROAD is a very large detached house of 141m², built sometime between 1930 and 1949. It was last sold for £195,000 in February 2018, which was around 7% below the average February 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was C.

3 NORWOOD ROAD Sold Prices

Land registry data shows two sales for 3 NORWOOD ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 3 NORWOOD 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
2018 15 FEB	£195,000	£208,569	7% below HPI
1998 23 OCT	£63,000	£64,551	2% below HPI

3 NORWOOD 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 two 3 NORWOOD ROAD sales from October 1998 and February 2018 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 October 1998 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the February 2018 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 3 NORWOOD ROAD?

3 NORWOOD ROAD is 141m² according to the EPC inspection conducted in October 2014. This puts it in the largest 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 3 NORWOOD ROAD lies on this distribution: 82% of detached houses are smaller than 3 NORWOOD ROAD, and 18% of houses are larger. Note that EPC data is not available for all properties in Skegness.

3 NORWOOD ROAD: Plot and Title Map

3 NORWOOD ROAD sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 3 NORWOOD 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 3 NORWOOD 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 3 NORWOOD ROAD?

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