6, PEARL CLOSE, SKEGNESS, PE25 2EG - £121,000

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

6 PEARL CLOSE is a very small detached house of 55m², built sometime between 1983 and 1990. It was last sold for £121,000 in December 2018, which was around 44% below the average December 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2018, where the current energy rating was E, and the potential energy rating was B.

6 PEARL CLOSE Sold Prices

Land registry data shows four sales for 6 PEARL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four 6 PEARL 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
2018 3 DEC	£121,000	£216,134	44% below HPI
2004 7 MAY	£115,000	£155,981	26% below HPI
2001 17 AUG	£65,500	£83,628	22% below HPI
2000 26 APR	£52,800	£72,404	27% below HPI

6 PEARL 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 four 6 PEARL CLOSE sales between April 2000 and December 2018 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 2004 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the December 2018 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 6 PEARL CLOSE?

6 PEARL CLOSE is 55m² according to the EPC inspection conducted in November 2018. 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 6 PEARL CLOSE lies on this distribution: 2% of detached houses are smaller than 6 PEARL CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Skegness.

6 PEARL CLOSE: Plot and Title Map

6 PEARL CLOSE sits on a plot of roughly 0.059 of an acre, or 237m². The below map shows the location of 6 PEARL 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 6 PEARL 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 6 PEARL CLOSE?

6 PEARL CLOSE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 6 on PEARL CLOSE.