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

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.

6 PEARL CLOSE is a very small detached house of 55m², built sometime between 1983 and 1990, which could now be worth an estimated £157,953. It was last sold for £121,000 in December 2018, which was around 45% 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	£219,283	45% below HPI
2004 7 MAY	£115,000	£158,254	27% below HPI
2001 17 AUG	£65,500	£84,846	23% below HPI
2000 26 APR	£52,800	£73,459	28% 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 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the December 2018 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

What might 6 PEARL CLOSE be worth now?

6 PEARL CLOSE might now be worth an estimated £157,953.

This is based on house price inflation of 30.5%, between December 2018 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 30.5% inflationary increase is applied to the most recent sale price for 6 PEARL CLOSE of £121,000 on 3rd December 2018. For the value to have increased from £121,000 to £157,953 over the seven years and ten months to February 2025, the following assumptions must hold true:

• The value of 6 PEARL CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The December 2018 sale price of £121,000 represented a fair market value for the property.
• The size, condition, and specification of 6 PEARL CLOSE has not materially changed since December 2018.

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 houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses houses by size in Skegness, and where 6 PEARL CLOSE lies on this distribution: 2% of detached houses 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.