58, ALBANY CLOSE, SKEGNESS, PE25 2NE - £180,000

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.

58 ALBANY CLOSE is a very small detached house of 60m², built sometime between 1967 and 1975, which could now be worth an estimated £186,170. It was last sold for £180,000 in May 2023, which was around 35% below the average May 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was B.

58 ALBANY CLOSE Sold Prices

Land registry data shows three sales for 58 ALBANY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three 58 ALBANY 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
2023 18 MAY	£180,000	£275,442	35% below HPI
2012 10 JUL	£125,000	£164,948	24% below HPI
2007 18 JUN	£155,000	£190,278	19% below HPI

58 ALBANY 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 three 58 ALBANY CLOSE sales between June 2007 and May 2023 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 July 2012 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2023 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 58 ALBANY CLOSE be worth now?

58 ALBANY CLOSE might now be worth an estimated £186,170.

This is based on house price inflation of 3.4%, between May 2023 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 3.4% inflationary increase is applied to the most recent sale price for 58 ALBANY CLOSE of £180,000 on 18th May 2023. For the value to have increased from £180,000 to £186,170 over the two years and two months to March 2025, the following assumptions must hold true:

• The value of 58 ALBANY CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The May 2023 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 58 ALBANY CLOSE has not materially changed since May 2023.

How Large is 58 ALBANY CLOSE?

58 ALBANY CLOSE is 60m² according to the EPC inspection conducted in August 2022. This puts it in the smallest 10% 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 58 ALBANY CLOSE lies on this distribution: 6% of detached houses houses are smaller than 58 ALBANY CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Skegness.

58 ALBANY CLOSE: Plot and Title Map

58 ALBANY CLOSE sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of 58 ALBANY 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 58 ALBANY 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 58 ALBANY CLOSE?

58 ALBANY CLOSE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 58 on ALBANY CLOSE.