4, RIDLEY AVENUE, SKEGNESS, PE25 3LD - £169,000

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 RIDLEY AVENUE is a small detached house of 80m², built sometime between 1930 and 1949. It was last sold for £169,000 in December 2017, which was around 19% below the average December 2017 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was B.

4 RIDLEY AVENUE Sold Prices

Land registry data shows two sales for 4 RIDLEY 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. Both of the two 4 RIDLEY 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
2017 20 DEC	£169,000	£208,598	19% below HPI
2013 29 NOV	£124,950	£165,133	24% below HPI

4 RIDLEY 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 RIDLEY AVENUE sales from November 2013 and December 2017 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 2013 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the December 2017 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 4 RIDLEY AVENUE?

4 RIDLEY AVENUE is 80m² according to the EPC inspection conducted in May 2013. 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 4 RIDLEY AVENUE lies on this distribution: 33% of detached houses are smaller than 4 RIDLEY AVENUE, and 65% of houses are larger. Note that EPC data is not available for all properties in Skegness.

4 RIDLEY AVENUE: Plot and Title Map

4 RIDLEY AVENUE sits on a plot of roughly 0.123 of an acre, or 498m². The below map shows the location of 4 RIDLEY 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 RIDLEY 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 RIDLEY AVENUE?

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