7, LIFEBOAT AVENUE, SKEGNESS, PE25 3EW - £208,000

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.

7 LIFEBOAT AVENUE is a very large extended detached house of 150m², built sometime before 1900, which could now be worth an estimated £326,111. It was last sold for £208,000 in August 2009, which was around 24% above the average August 2009 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2016, where the current energy rating was E, and the potential energy rating was B.

7 LIFEBOAT AVENUE Sold Prices

Land registry data shows four sales for 7 LIFEBOAT AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four 7 LIFEBOAT AVENUE 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
2009 3 AUG	£208,000	£167,880	24% above HPI
2004 18 AUG	£195,000	£163,467	19% above HPI
2003 12 NOV	£175,000	£141,448	24% above HPI
1998 21 OCT	£83,000	£65,491	27% above HPI

7 LIFEBOAT 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 four 7 LIFEBOAT AVENUE sales between October 1998 and August 2009 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 August 2004 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the August 2009 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 7 LIFEBOAT AVENUE be worth now?

7 LIFEBOAT AVENUE might now be worth an estimated £326,111.

This is based on house price inflation of 56.8%, between August 2009 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 56.8% inflationary increase is applied to the most recent sale price for 7 LIFEBOAT AVENUE of £208,000 on 3rd August 2009. For the value to have increased from £208,000 to £326,111 over the sixteen years and two months to June 2025, the following assumptions must hold true:

• The value of 7 LIFEBOAT AVENUE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The August 2009 sale price of £208,000 represented a fair market value for the property.
• The size, condition, and specification of 7 LIFEBOAT AVENUE has not materially changed since August 2009.

How Large is 7 LIFEBOAT AVENUE?

7 LIFEBOAT AVENUE is 150m², which includes two extensions, according to the EPC inspection conducted in September 2016. This puts it in the largest 20% 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 7 LIFEBOAT AVENUE lies on this distribution: 86% of detached houses houses are smaller than 7 LIFEBOAT AVENUE, and 14% of houses are larger. Note that EPC data is not available for all properties in Skegness.

7 LIFEBOAT AVENUE: Plot and Title Map

7 LIFEBOAT AVENUE sits on a plot of roughly 0.056 of an acre, or 227m². The below map shows the location of 7 LIFEBOAT 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 7 LIFEBOAT 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 7 LIFEBOAT AVENUE?

7 LIFEBOAT AVENUE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 7 on LIFEBOAT AVENUE.