7, MARINE AVENUE, SKEGNESS, PE25 3ER - £212,000

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.

7 MARINE AVENUE is a very large detached house of 167m², built sometime between 1930 and 1949, which could now be worth an estimated £336,355. It was last sold for £212,000 in December 2006, which was around 18% above the average December 2006 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2010, where the current energy rating was D, and the potential energy rating was C.

7 MARINE AVENUE Sold Prices

Land registry data shows three sales for 7 MARINE AVENUE 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 7 MARINE 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
2006 14 DEC	£212,000	£180,421	18% above HPI
2003 13 JAN	£155,000	£120,342	29% above HPI
2001 29 JUN	£108,000	£83,707	29% above HPI

7 MARINE 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 three 7 MARINE AVENUE sales between June 2001 and December 2006 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 January 2003 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the December 2006 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 7 MARINE AVENUE be worth now?

7 MARINE AVENUE might now be worth an estimated £336,355.

This is based on house price inflation of 58.7%, between December 2006 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 58.7% inflationary increase is applied to the most recent sale price for 7 MARINE AVENUE of £212,000 on 14th December 2006. For the value to have increased from £212,000 to £336,355 over the nineteen years and ten months to February 2025, the following assumptions must hold true:

• The value of 7 MARINE AVENUE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The December 2006 sale price of £212,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MARINE AVENUE has not materially changed since December 2006.

How Large is 7 MARINE AVENUE?

7 MARINE AVENUE is 167m² according to the EPC inspection conducted in August 2010. This puts it in the largest 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 7 MARINE AVENUE lies on this distribution: 91% of detached houses houses are smaller than 7 MARINE AVENUE, and 9% of houses are larger. Note that EPC data is not available for all properties in Skegness.

7 MARINE AVENUE: Plot and Title Map

7 MARINE AVENUE sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of 7 MARINE 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 7 MARINE 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 7 MARINE AVENUE?

7 MARINE AVENUE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 7 on MARINE AVENUE.