11, OCEAN AVENUE, SKEGNESS, PE25 3DN - £225,000

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.

11 OCEAN AVENUE is a large extended detached house of 122m², built sometime between 1900 and 1929, which could now be worth an estimated £226,838. It was last sold for £225,000 in November 2021, which was around 14% below the average November 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was December 2020, where the current energy rating was E, and the potential energy rating was C.

11 OCEAN AVENUE Sold Prices

Land registry data shows three sales for 11 OCEAN 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 11 OCEAN AVENUE 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
2021 5 NOV	£225,000	£261,076	14% below HPI
2019 28 JUN	£190,000	£218,478	13% below HPI
2014 5 NOV	£170,000	£180,195	6% below HPI

11 OCEAN 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 11 OCEAN AVENUE sales between November 2014 and November 2021 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 June 2019 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the November 2021 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 11 OCEAN AVENUE be worth now?

11 OCEAN AVENUE might now be worth an estimated £226,838.

This is based on house price inflation of 0.8%, between November 2021 and June 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 0.8% inflationary increase is applied to the most recent sale price for 11 OCEAN AVENUE of £225,000 on 5th November 2021. For the value to have increased from £225,000 to £226,838 over the four years and five months to June 2025, the following assumptions must hold true:

• The value of 11 OCEAN AVENUE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The November 2021 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 11 OCEAN AVENUE has not materially changed since November 2021.

How Large is 11 OCEAN AVENUE?

11 OCEAN AVENUE is 122m², which includes two extensions, according to the EPC inspection conducted in December 2020. This puts it in the largest 30% 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 11 OCEAN AVENUE lies on this distribution: 71% of detached houses houses are smaller than 11 OCEAN AVENUE, and 28% of houses are larger. Note that EPC data is not available for all properties in Skegness.

11 OCEAN AVENUE: Plot and Title Map

11 OCEAN AVENUE sits on a plot of roughly 0.071 of an acre, or 288m². The below map shows the location of 11 OCEAN 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 11 OCEAN 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 11 OCEAN AVENUE?

11 OCEAN AVENUE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 11 on OCEAN AVENUE.