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

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 LUMLEY AVENUE is a small detached house of 77m², built sometime between 1930 and 1949. It was last sold for £188,000 in December 2021, which was around 28% 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	£260,179	28% below HPI
2017 1 SEP	£110,000	£210,398	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 28% below the HPI. The line then continues to track at 28% below the HPI.

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 in Skegness, based on EPC data. The below chart shows the distribution of detached houses by size in Skegness, and where 48 LUMLEY AVENUE lies on this distribution: 29% of detached 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.