4, PARK AVENUE, SKEGNESS, PE25 2TF - £410,000

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

4 PARK AVENUE is a very large extended detached house of 311m², built sometime between 1930 and 1949. It was last sold for £410,000 in August 2021, which was around 68% above the average August 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was C.

4 PARK AVENUE Sold Prices

Land registry data shows two sales for 4 PARK AVENUE 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 4 PARK AVENUE 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
2021 13 AUG	£410,000	£243,899	68% above HPI
2017 5 MAY	£190,000	£200,860	5% below HPI

4 PARK 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 two 4 PARK AVENUE sales from May 2017 and August 2021 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 2017 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the August 2021 sale, where it rises to 68% above the HPI. The line then continues to track at 68% above the HPI.

How Large is 4 PARK AVENUE?

4 PARK AVENUE is 311m², which includes two extensions, according to the EPC inspection conducted in September 2020. This puts it in the largest 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 4 PARK AVENUE lies on this distribution: 99% of detached houses are smaller than 4 PARK AVENUE, and 1% of houses are larger. Note that EPC data is not available for all properties in Skegness.

4 PARK AVENUE: Plot and Title Map

4 PARK AVENUE sits on a plot of roughly 0.112 of an acre, or 451m². The below map shows the location of 4 PARK 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 4 PARK 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 4 PARK AVENUE?

4 PARK AVENUE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 4 on PARK AVENUE.