3, VERONICA CLOSE, SKEGNESS, PE25 1HY - £285,000

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.

3 VERONICA CLOSE is a very large detached house of 240m², built sometime between 2003 and 2006, which could now be worth an estimated £360,364. It was last sold for £285,000 in October 2020, which was around 26% above the average October 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2018, where the current energy rating was C, and the potential energy rating was B.

3 VERONICA CLOSE Sold Prices

Land registry data shows two sales for 3 VERONICA CLOSE 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. One of the two 3 VERONICA CLOSE sales was for above the average price, whilst the other was 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
2020 23 OCT	£285,000	£226,387	26% above HPI
2003 28 AUG	£45,000	£137,502	67% below HPI

3 VERONICA CLOSE 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 VERONICA CLOSE sales from August 2003 and October 2020 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 2003 sale was for 67% below the HPI. So the extrapolation line tracks at 67% below the HPI over time, until the October 2020 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 3 VERONICA CLOSE be worth now?

3 VERONICA CLOSE might now be worth an estimated £360,364.

This is based on house price inflation of 26.4%, between October 2020 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 26.4% inflationary increase is applied to the most recent sale price for 3 VERONICA CLOSE of £285,000 on 23rd October 2020. For the value to have increased from £285,000 to £360,364 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 VERONICA CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The October 2020 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 3 VERONICA CLOSE has not materially changed since October 2020.

How Large is 3 VERONICA CLOSE?

3 VERONICA CLOSE is 240m² according to the EPC inspection conducted in January 2018. 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 3 VERONICA CLOSE lies on this distribution: 97% of detached houses houses are smaller than 3 VERONICA CLOSE, and 2% of houses are larger. Note that EPC data is not available for all properties in Skegness.

3 VERONICA CLOSE: Plot and Title Map

3 VERONICA CLOSE sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 3 VERONICA CLOSE, 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 VERONICA CLOSE). 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 VERONICA CLOSE?

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