Full Address

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

Estimated Market Value

£8,239

This estimated value is based upon the latest sale price for the house of £7,950 on 9 Jun 2017. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE1

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Transactions for this house
Price PaidDate
£7,9509 Jun 2017
House Details
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 June 2017 the House Price Index for LINCOLNSHIRE was 116.1.

The House Price Index as of 1 Jun 2018 is 120.4 which is a change of 3.636%.

Applying this 3.636% change to the original purchase price of £7,950 gives us an estimated price now of around £8,239.

9 Jun 2017 1 Jun 2018 % change Purchase Price Gain / Loss Estimated Price
116.1 120.4 3.636 % £7,950 £289 £8,239

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 21.830 % £1,735 £9,685
3 Month Average 16.914 % £1,344 £9,294
6 Month Average 17.765 % £1,412 £9,362

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

In June 2017 the average sale price for the 50 nearest sales within six miles of 17 EPSOM AVENUE was £114,023.

In July 2018 the average sale price for the 18 nearest sales was £165,772. This is a change of 45.385%.

So taking the original purchase price of £7,950 and adjusting it by 45.385% gives an estimated price of £11,558.

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

Average price on 9 Jun 2017 Average price on 27 Jul 2018 % change Purchase Price Gain / Loss Estimated Price
£114,023 £165,772 45.385 % £7,950 £3,608 £11,558
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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