5, FRANKLIN AVENUE, SKEGNESS, PE25 3DP - £275,000

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.

5 FRANKLIN AVENUE is a large extended detached house of 128m², built sometime before 1900, which could now be worth an estimated £318,119. It was last sold for £275,000 in August 2021, which was around 11% above the average August 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was C.

5 FRANKLIN AVENUE Sold Prices

Land registry data shows two sales for 5 FRANKLIN 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 5 FRANKLIN AVENUE sales were for above 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 6 AUG	£275,000	£247,452	11% above HPI
2005 22 JUN	£179,000	£171,121	5% above HPI

5 FRANKLIN 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 5 FRANKLIN AVENUE sales from June 2005 and August 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 June 2005 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the August 2021 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 5 FRANKLIN AVENUE be worth now?

5 FRANKLIN AVENUE might now be worth an estimated £318,119.

This is based on house price inflation of 15.7%, between August 2021 and February 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 15.7% inflationary increase is applied to the most recent sale price for 5 FRANKLIN AVENUE of £275,000 on 6th August 2021. For the value to have increased from £275,000 to £318,119 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 5 FRANKLIN AVENUE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The August 2021 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FRANKLIN AVENUE has not materially changed since August 2021.

How Large is 5 FRANKLIN AVENUE?

5 FRANKLIN AVENUE is 128m², which includes two extensions, according to the EPC inspection conducted in June 2021. This puts it in the largest 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 5 FRANKLIN AVENUE lies on this distribution: 75% of detached houses houses are smaller than 5 FRANKLIN AVENUE, and 24% of houses are larger. Note that EPC data is not available for all properties in Skegness.

5 FRANKLIN AVENUE: Plot and Title Map

5 FRANKLIN AVENUE sits on a plot of roughly 0.053 of an acre, or 215m². The below map shows the location of 5 FRANKLIN 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 5 FRANKLIN 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 5 FRANKLIN AVENUE?

5 FRANKLIN AVENUE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 5 on FRANKLIN AVENUE.