BANKSIDE, OLD ROMAN BANK, SKEGNESS, PE25 1DT - £97,000

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.

BANKSIDE is a small detached house of 84m², built sometime between 1983 and 1990, which could now be worth an estimated £161,093. It was last sold for £97,000 in March 2014, which was around 43% below the average March 2014 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2018, where the current energy rating was C, and the potential energy rating was B.

BANKSIDE Sold Prices

Land registry data shows three sales for BANKSIDE 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 BANKSIDE 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
2014 28 MAR	£97,000	£171,538	43% below HPI
2001 5 SEP	£59,000	£86,480	32% below HPI
1998 4 JUN	£53,500	£63,511	16% below HPI

BANKSIDE 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 BANKSIDE sales between June 1998 and March 2014 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 September 2001 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the March 2014 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might BANKSIDE be worth now?

BANKSIDE might now be worth an estimated £161,093.

This is based on house price inflation of 66.1%, between March 2014 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 66.1% inflationary increase is applied to the most recent sale price for BANKSIDE of £97,000 on 28th March 2014. For the value to have increased from £97,000 to £161,093 over the eleven years to March 2025, the following assumptions must hold true:

• The value of BANKSIDE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The March 2014 sale price of £97,000 represented a fair market value for the property.
• The size, condition, and specification of BANKSIDE has not materially changed since March 2014.

How Large is BANKSIDE?

BANKSIDE is 84m² according to the EPC inspection conducted in June 2018. This puts it in the smallest 40% 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 BANKSIDE lies on this distribution: 38% of detached houses houses are smaller than BANKSIDE, and 60% of houses are larger. Note that EPC data is not available for all properties in Skegness.

BANKSIDE: Plot and Title Map

BANKSIDE sits on a plot of roughly 0.120 of an acre, or 486m². The below map shows the location of BANKSIDE, 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 BANKSIDE). 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 BANKSIDE?

BANKSIDE is located on OLD ROMAN BANK in SKEGNESS, in the PE25 postcode district. The below map shows the position of BANKSIDE on OLD ROMAN BANK.