Full Address

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

Estimated Market Value

£15,188

This estimated value is based upon the latest sale price for the house of £11,250 on 3 Jun 2005. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE1

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Transactions for this house
Price PaidDate
£11,2503 Jun 2005
House Details
Terraced
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 2005 the House Price Index for LINCOLNSHIRE was 92.2.

The House Price Index as of 1 Jun 2019 is 124.4 which is a change of 35.009%.

Applying this 35.009% change to the original purchase price of £11,250 gives us an estimated price now of around £15,188.

3 Jun 2005 1 Jun 2019 % change Purchase Price Gain / Loss Estimated Price
92.2 124.4 35.009 % £11,250 £3,938 £15,188

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 40.613 % £4,568 £15,818
3 Month Average 40.124 % £4,514 £15,764
6 Month Average 29.389 % £3,306 £14,556

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

In June 2005 the average sale price for the 50 nearest sales within six miles of 18 EPSOM AVENUE was £122,559.

In October 2019 the average sale price for the 10 nearest sales was £167,085. This is a change of 36.330%.

So taking the original purchase price of £11,250 and adjusting it by 36.330% gives an estimated price of £15,337.

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

Average price on 3 Jun 2005 Average price on 31 Oct 2019 % change Purchase Price Gain / Loss Estimated Price
£122,559 £167,085 36.330 % £11,250 £4,087 £15,337
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
5 Jun 2019 £189,000 £189,000 3 WARWICK ROAD
4 Jun 2019 £168,000 £168,000 26 WARWICK ROAD
29 May 2019 £90,475 £90,000 22 WARWICK ROAD
18 Oct 2018 £145,058 £145,000 17 CROWN AVENUE
21 Jun 2018 £154,267 £150,000 21 CONNAUGHT DRIVE

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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