49, ALBANY WAY, SKEGNESS, PE25 2NB - £140,000

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

49 ALBANY WAY is a very small detached house of 60m², built sometime between 1967 and 1975. It was last sold for £140,000 in March 2015, which was around 20% below the average March 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2014, where the current energy rating was C, and the potential energy rating was B.

49 ALBANY WAY Sold Prices

Land registry data shows two sales for 49 ALBANY WAY 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 49 ALBANY WAY 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 31 MAR	£140,000	£174,460	20% below HPI
2011 20 MAY	£95,250	£165,374	42% below HPI

49 ALBANY WAY 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 49 ALBANY WAY sales from May 2011 and March 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 May 2011 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the March 2015 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 49 ALBANY WAY?

49 ALBANY WAY is 60m² according to the EPC inspection conducted in November 2014. 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 49 ALBANY WAY lies on this distribution: 6% of detached houses are smaller than 49 ALBANY WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Skegness.

49 ALBANY WAY: Plot and Title Map

49 ALBANY WAY sits on a plot of roughly 0.114 of an acre, or 463m². The below map shows the location of 49 ALBANY WAY, 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 49 ALBANY WAY). 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 49 ALBANY WAY?

49 ALBANY WAY is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 49 on ALBANY WAY.