8, SKIPWORTH WAY, SKEGNESS, PE25 1RS - £145,500

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.

8 SKIPWORTH WAY is a very small terraced house of 57m², built sometime from 2007 onwards, which could now be worth an estimated £141,673. It was last sold for £145,500 in June 2023, which was around 2% above the average June 2023 terraced price in the East Lindsey local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

8 SKIPWORTH WAY Sold Prices

Land registry data shows two sales for 8 SKIPWORTH WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the East Lindsey local authority area for the corresponding sale date. Both of the two 8 SKIPWORTH WAY 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
2023 2 JUN	£145,500	£142,694	2% above HPI
2010 17 MAY	£99,000	£93,836	6% above HPI

8 SKIPWORTH WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Lindsey local authority area over time, sourced from the HPI. The two 8 SKIPWORTH WAY sales from May 2010 and June 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 May 2010 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the June 2023 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 8 SKIPWORTH WAY be worth now?

8 SKIPWORTH WAY might now be worth an estimated £141,673.

This is based on house price deflation of 2.6%, between June 2023 and June 2025, for terraced 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 2.6% deflationary decrease is applied to the most recent sale price for 8 SKIPWORTH WAY of £145,500 on 2nd June 2023. For the value to have decreased from £145,500 to £141,673 over the two years to June 2025, the following assumptions must hold true:

• The value of 8 SKIPWORTH WAY has moved in line with the HPI for terraced houses in the East Lindsey local authority area.
• The June 2023 sale price of £145,500 represented a fair market value for the property.
• The size, condition, and specification of 8 SKIPWORTH WAY has not materially changed since June 2023.

How Large is 8 SKIPWORTH WAY?

8 SKIPWORTH WAY is 57m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 10% of terraced houses houses in Skegness, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Skegness, and where 8 SKIPWORTH WAY lies on this distribution: 4% of terraced houses houses are smaller than 8 SKIPWORTH WAY, and 95% of houses are larger. Note that EPC data is not available for all properties in Skegness.

8 SKIPWORTH WAY: Plot and Title Map

8 SKIPWORTH WAY sits on a plot of roughly 0.026 of an acre, or 107m². The below map shows the location of 8 SKIPWORTH WAY, 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 8 SKIPWORTH WAY). 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 8 SKIPWORTH WAY?

8 SKIPWORTH WAY is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 8 on SKIPWORTH WAY.