48, ALBANY CLOSE, SKEGNESS, PE25 2NE - £120,000

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

48 ALBANY CLOSE is a very small detached house of 56m², built sometime between 1967 and 1975. It was last sold for £120,000 in July 2015, which was around 34% below the average July 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was D.

48 ALBANY CLOSE Sold Prices

Land registry data shows four sales for 48 ALBANY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four 48 ALBANY CLOSE 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
2015 9 JUL	£120,000	£181,933	34% below HPI
2014 6 JUN	£116,500	£174,182	33% below HPI
2008 1 OCT	£105,000	£174,297	40% below HPI
1996 23 JAN	£35,000	£55,926	37% below HPI

48 ALBANY 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 four 48 ALBANY CLOSE sales between January 1996 and July 2015 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 June 2014 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the July 2015 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 48 ALBANY CLOSE?

48 ALBANY CLOSE is 56m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 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 48 ALBANY CLOSE lies on this distribution: 3% of detached houses are smaller than 48 ALBANY CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Skegness.

48 ALBANY CLOSE: Plot and Title Map

48 ALBANY CLOSE sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 48 ALBANY 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 48 ALBANY 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 48 ALBANY CLOSE?

48 ALBANY CLOSE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 48 on ALBANY CLOSE.