Full Address

2 BEACH AVENUE
CHAPEL ST LEONARDS
SKEGNESS
LINCOLNSHIRE
UNITED KINGDOM
PE24 5SH

Estimated Market Value

£118,236

This estimated value is based upon the latest sale price for the house of £118,000 on 12 Oct 2018. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE1

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Transactions for this house
Price PaidDate
£118,00012 Oct 2018
£90,00016 May 2014
£122,00024 Aug 2007
£57,50013 May 2002
House Details
Semi-Detached
Freehold

House Price Models

Land Registry House Price Index Model

This model uses changes in the Official Land Registry House Price Index for LINCOLNSHIRE to estimate the market value.

When this house was purchased in October 2018 the House Price Index for LINCOLNSHIRE was 124.3.

The House Price Index as of 1 Dec 2019 is 124.6 which is a change of 0.200%.

Applying this 0.200% change to the original purchase price of £118,000 gives us an estimated price now of around £118,236.

12 Oct 2018 1 Dec 2019 % change Purchase Price Gain / Loss Estimated Price
124.3 124.6 0.200 % £118,000 £236 £118,236

The Postcode Pricing Model uses changes in average sales price within the PE24 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations

Change % Change £ Estimated Price
1 Month Average 12.453 % £14,694 £132,694
3 Month Average 76.498 % £90,267 £208,267
6 Month Average 43.988 % £51,905 £169,905

In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.

In October 2018 the average sale price for the 50 nearest sales within eight miles of 2 BEACH AVENUE was £134,545.

In November 2021 the average sale price for the 3 nearest sales was £322,910. This is a change of 140.001%.

So taking the original purchase price of £118,000 and adjusting it by 140.001% gives an estimated price of £283,201.

View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.

Average price on 12 Oct 2018 Average price on 29 Nov 2021 % change Purchase Price Gain / Loss Estimated Price
£134,545 £322,910 140.001 % £118,000 £165,201 £283,201
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
2 Sep 2019 £184,135 £185,000 27 WELL VALE DRIVE
11 Jun 2019 £162,118 £160,000 19 WELL VALE DRIVE
29 Apr 2019 £166,684 £166,000 14 ANDREW AVENUE
11 Feb 2019 £152,179 £151,000 46 BUCKINGHAM DRIVE
12 Oct 2018 £118,236 £118,000 2 BEACH AVENUE

Show these sales on a map

1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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