Full Address

16 EPSOM AVENUE
CHAPEL ST LEONARDS
SKEGNESS
LINCOLNSHIRE
UNITED KINGDOM
PE24 5SS

Estimated Market Value

£16,281

This estimated value is based upon the latest sale price for the house of £11,995 on 28 Oct 2004. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE1

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Transactions for this house
Price PaidDate
£11,99528 Oct 2004
House Details
Detached
Leasehold

House Price Models

Land Registry House Price Index Model

This model uses changes in the Official Land Registry House Price Index for LINCOLNSHIRE to estimate the market value.

When this house was purchased in October 2004 the House Price Index for LINCOLNSHIRE was 88.7.

The House Price Index as of 1 Jun 2018 is 120.4 which is a change of 35.729%.

Applying this 35.729% change to the original purchase price of £11,995 gives us an estimated price now of around £16,280.

28 Oct 2004 1 Jun 2018 % change Purchase Price Gain / Loss Estimated Price
88.7 120.4 35.729 % £11,995 £4,285 £16,280

The Postcode Pricing Model uses changes in average sales price within the PE24 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations

Change % Change £ Estimated Price
1 Month Average 37.685 % £4,520 £16,515
3 Month Average 31.817 % £3,816 £15,811
6 Month Average 22.792 % £2,733 £14,728

In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.

In October 2004 the average sale price for the 50 nearest sales within seven miles of 16 EPSOM AVENUE was £111,472.

In August 2018 the average sale price for the 18 nearest sales was £165,772. This is a change of 48.712%.

So taking the original purchase price of £11,995 and adjusting it by 48.712% gives an estimated price of £17,837.

View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.

Average price on 28 Oct 2004 Average price on 30 Aug 2018 % change Purchase Price Gain / Loss Estimated Price
£111,472 £165,772 48.712 % £11,995 £5,842 £17,837
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
2 Feb 2018 £130,555 £129,750 21 CROWN AVENUE
10 Jan 2018 £145,898 £144,250 19 WARWICK ROAD
19 Dec 2017 £158,549 £156,000 36 WARWICK ROAD
30 Oct 2017 £9,711 £9,500 14 EPSOM AVENUE
14 Sep 2017 £173,371 £170,000 20 CROWN AVENUE

Show these sales on a map

1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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