5, PERTH CLOSE, SKEGNESS, PE25 2HY - £162,000

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.

5 PERTH CLOSE is a very small semi-detached house of 37m², built sometime between 1967 and 1975, which could now be worth an estimated £157,702. It was last sold for £162,000 in February 2023, which was around 15% below the average February 2023 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was B.

5 PERTH CLOSE Sold Prices

Land registry data shows five sales for 5 PERTH CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. All of the five 5 PERTH CLOSE 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
2023 27 FEB	£162,000	£189,706	15% below HPI
2016 3 OCT	£107,000	£128,938	17% below HPI
2007 20 MAR	£118,000	£125,921	6% below HPI
2002 5 SEP	£66,500	£70,401	6% below HPI
1999 3 AUG	£37,000	£43,184	14% below HPI

5 PERTH CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Lindsey local authority area over time, sourced from the HPI. The five 5 PERTH CLOSE sales between August 1999 and February 2023 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 October 2016 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the February 2023 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 5 PERTH CLOSE be worth now?

5 PERTH CLOSE might now be worth an estimated £157,702.

This is based on house price deflation of 2.7%, between February 2023 and May 2026, for semi-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 2.7% deflationary decrease is applied to the most recent sale price for 5 PERTH CLOSE of £162,000 on 27th February 2023. For the value to have decreased from £162,000 to £157,702 over the two years and nine months to May 2026, the following assumptions must hold true:

• The value of 5 PERTH CLOSE has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The February 2023 sale price of £162,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PERTH CLOSE has not materially changed since February 2023.

How Large is 5 PERTH CLOSE?

5 PERTH CLOSE is 37m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 10% of semi-detached houses houses in Skegness, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Skegness, and where 5 PERTH CLOSE lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 5 PERTH CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Skegness.

5 PERTH CLOSE: Plot and Title Map

5 PERTH CLOSE sits on a plot of roughly 0.047 of an acre, or 191m². The below map shows the location of 5 PERTH CLOSE, 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 5 PERTH CLOSE). 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 5 PERTH CLOSE?

5 PERTH CLOSE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 5 on PERTH CLOSE.