3, FRANKLIN AVENUE, SKEGNESS, PE25 3DP - £185,000

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.

3 FRANKLIN AVENUE is a midsized detached house of 102m², built sometime between 1930 and 1949, which could now be worth an estimated £195,143. It was last sold for £185,000 in January 2022, which was around 32% below the average January 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was C.

3 FRANKLIN AVENUE Sold Prices

Land registry data shows five sales for 3 FRANKLIN AVENUE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the five 3 FRANKLIN 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
2022 18 JAN	£185,000	£270,076	32% below HPI
2020 29 MAY	£148,000	£221,478	33% below HPI
2009 25 SEP	£112,000	£167,897	33% below HPI
2003 8 AUG	£100,000	£137,502	27% below HPI
1997 8 OCT	£47,000	£62,257	25% below HPI

3 FRANKLIN 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 five 3 FRANKLIN AVENUE sales between October 1997 and January 2022 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 May 2020 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the January 2022 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 3 FRANKLIN AVENUE be worth now?

3 FRANKLIN AVENUE might now be worth an estimated £195,143.

This is based on house price inflation of 5.5%, between January 2022 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 5.5% inflationary increase is applied to the most recent sale price for 3 FRANKLIN AVENUE of £185,000 on 18th January 2022. For the value to have increased from £185,000 to £195,143 over the two years and ten months to March 2025, the following assumptions must hold true:

• The value of 3 FRANKLIN AVENUE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The January 2022 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FRANKLIN AVENUE has not materially changed since January 2022.

How Large is 3 FRANKLIN AVENUE?

3 FRANKLIN AVENUE is 102m² according to the EPC inspection conducted in January 2020. This puts it in the largest 50% 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 3 FRANKLIN AVENUE lies on this distribution: 57% of detached houses houses are smaller than 3 FRANKLIN AVENUE, and 42% of houses are larger. Note that EPC data is not available for all properties in Skegness.

3 FRANKLIN AVENUE: Plot and Title Map

3 FRANKLIN AVENUE sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of 3 FRANKLIN 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 3 FRANKLIN 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 3 FRANKLIN AVENUE?

3 FRANKLIN AVENUE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 3 on FRANKLIN AVENUE.