48, LUMLEY AVENUE, SKEGNESS, PE25 2TH - £188,000

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.

48 LUMLEY AVENUE is a small detached house of 77m², built sometime between 1930 and 1949, which could now be worth an estimated £202,894. It was last sold for £188,000 in December 2021, which was around 29% below the average December 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

48 LUMLEY AVENUE Sold Prices

Land registry data shows two sales for 48 LUMLEY 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 48 LUMLEY 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
2021 16 DEC	£188,000	£263,970	29% below HPI
2017 1 SEP	£110,000	£213,464	48% below HPI

48 LUMLEY 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 48 LUMLEY AVENUE sales from September 2017 and December 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 September 2017 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the December 2021 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 48 LUMLEY AVENUE be worth now?

48 LUMLEY AVENUE might now be worth an estimated £202,894.

This is based on house price inflation of 7.9%, between December 2021 and March 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 7.9% inflationary increase is applied to the most recent sale price for 48 LUMLEY AVENUE of £188,000 on 16th December 2021. For the value to have increased from £188,000 to £202,894 over the four years and nine months to March 2025, the following assumptions must hold true:

• The value of 48 LUMLEY AVENUE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The December 2021 sale price of £188,000 represented a fair market value for the property.
• The size, condition, and specification of 48 LUMLEY AVENUE has not materially changed since December 2021.

How Large is 48 LUMLEY AVENUE?

48 LUMLEY AVENUE is 77m² according to the EPC inspection conducted in July 2016. This puts it in the smallest 30% 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 48 LUMLEY AVENUE lies on this distribution: 29% of detached houses houses are smaller than 48 LUMLEY AVENUE, and 70% of houses are larger. Note that EPC data is not available for all properties in Skegness.

48 LUMLEY AVENUE: Plot and Title Map

48 LUMLEY AVENUE sits on a plot of roughly 0.102 of an acre, or 412m². The below map shows the location of 48 LUMLEY 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 48 LUMLEY 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 48 LUMLEY AVENUE?

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