31, LUMLEY CRESCENT, SKEGNESS, PE25 2TL - £157,000

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

31 LUMLEY CRESCENT is a small detached house of 82m², built sometime between 1950 and 1966. It was last sold for £157,000 in August 2019, which was around 29% below the average August 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was B.

31 LUMLEY CRESCENT Sold Prices

Land registry data shows three sales for 31 LUMLEY CRESCENT 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 31 LUMLEY CRESCENT 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
2019 2 AUG	£157,000	£221,272	29% below HPI
2014 28 NOV	£157,000	£177,608	12% below HPI
2011 2 DEC	£124,000	£164,498	25% below HPI

31 LUMLEY CRESCENT 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 31 LUMLEY CRESCENT sales between December 2011 and August 2019 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 November 2014 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2019 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 31 LUMLEY CRESCENT?

31 LUMLEY CRESCENT is 82m² according to the EPC inspection conducted in May 2021. This puts it in the smallest 40% of detached houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses by size in Skegness, and where 31 LUMLEY CRESCENT lies on this distribution: 36% of detached houses are smaller than 31 LUMLEY CRESCENT, and 63% of houses are larger. Note that EPC data is not available for all properties in Skegness.

31 LUMLEY CRESCENT: Plot and Title Map

31 LUMLEY CRESCENT sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of 31 LUMLEY CRESCENT, 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 31 LUMLEY CRESCENT). 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 31 LUMLEY CRESCENT?

31 LUMLEY CRESCENT is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 31 on LUMLEY CRESCENT.