SEAWAYS, KINGS AVENUE, SKEGNESS, PE25 1RD - £195,000

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

SEAWAYS is a very large extended detached house of 154m², built sometime between 1900 and 1929. It was last sold for £195,000 in September 2014, which was around 10% above the average September 2014 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2012, where the current energy rating was F, and the potential energy rating was D.

SEAWAYS Sold Prices

Land registry data shows two sales for SEAWAYS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two SEAWAYS 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
2014 12 SEP	£195,000	£177,757	10% above HPI
1998 1 JUL	£77,000	£65,105	18% above HPI

SEAWAYS 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 two SEAWAYS sales from July 1998 and September 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 July 1998 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the September 2014 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is SEAWAYS?

SEAWAYS is 154m², which includes one extension, according to the EPC inspection conducted in June 2012. This puts it in the largest 20% of detached houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses by size in Skegness, and where SEAWAYS lies on this distribution: 88% of detached houses are smaller than SEAWAYS, and 12% of houses are larger. Note that EPC data is not available for all properties in Skegness.

SEAWAYS: Plot and Title Map

SEAWAYS sits on a plot of roughly 0.149 of an acre, or 602m². The below map shows the location of SEAWAYS, 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 SEAWAYS). 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 SEAWAYS?

SEAWAYS is located on KINGS AVENUE in SKEGNESS, in the PE25 postcode district. The below map shows the position of SEAWAYS on KINGS AVENUE.