5, JOHNSON CLOSE, SKEGNESS, PE25 1TB - £158,000

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

5 JOHNSON CLOSE is a very small detached house of 51m², built sometime between 1991 and 1995. It was last sold for £158,000 in December 2021, which was around 39% below the average December 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was B.

5 JOHNSON CLOSE Sold Prices

Land registry data shows two sales for 5 JOHNSON CLOSE 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 JOHNSON 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
2021 9 DEC	£158,000	£260,179	39% below HPI
1996 11 NOV	£41,995	£57,427	27% below HPI

5 JOHNSON 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 two 5 JOHNSON CLOSE sales from November 1996 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 November 1996 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the December 2021 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 5 JOHNSON CLOSE?

5 JOHNSON CLOSE is 51m² according to the EPC inspection conducted in May 2021. 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 5 JOHNSON CLOSE lies on this distribution: 1% of detached houses are smaller than 5 JOHNSON CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Skegness.

5 JOHNSON CLOSE: Plot and Title Map

5 JOHNSON CLOSE sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 5 JOHNSON 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 5 JOHNSON 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 5 JOHNSON CLOSE?

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