7, PRECINCT CRESCENT, SKEGNESS, PE25 3AL - £165,000

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

7 PRECINCT CRESCENT is a midsized detached house of 88m², built sometime between 1976 and 1982. It was last sold for £165,000 in August 2012, which was about the average August 2012 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was B.

7 PRECINCT CRESCENT Sold Prices

Land registry data shows three sales for 7 PRECINCT CRESCENT 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. The three 7 PRECINCT CRESCENT sales were a mix of roughly equal to the average price, and 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
2012 17 AUG	£165,000	£164,970	Close to HPI
2003 3 JAN	£178,000	£118,614	50% above HPI
1998 9 APR	£65,000	£60,367	8% above HPI

7 PRECINCT CRESCENT 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 PRECINCT CRESCENT sales between April 1998 and August 2012 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 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the August 2012 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 7 PRECINCT CRESCENT?

7 PRECINCT CRESCENT is 88m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 50% of detached houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses by size in Skegness, and where 7 PRECINCT CRESCENT lies on this distribution: 44% of detached houses are smaller than 7 PRECINCT CRESCENT, and 55% of houses are larger. Note that EPC data is not available for all properties in Skegness.

7 PRECINCT CRESCENT: Plot and Title Map

7 PRECINCT CRESCENT sits on a plot of roughly 0.146 of an acre, or 589m². The below map shows the location of 7 PRECINCT CRESCENT, 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 PRECINCT CRESCENT). 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 PRECINCT CRESCENT?

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