Full Address

20 CROWN AVENUE
CHAPEL ST LEONARDS
SKEGNESS
LINCOLNSHIRE
UNITED KINGDOM
PE24 5SZ

Estimated Market Value

£175,912

This estimated value is based upon the latest sale price for the house of £170,000 on 14 Sep 2017. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE1

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Map

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Transactions for this house
Price PaidDate
£170,00014 Sep 2017
£185,00020 Dec 2006
£64,95010 Oct 1998
£54,82517 Oct 1996
House Details
Detached
Freehold

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 September 2017 the House Price Index for LINCOLNSHIRE was 118.1.

The House Price Index as of 1 Dec 2018 is 122.2 which is a change of 3.477%.

Applying this 3.477% change to the original purchase price of £170,000 gives us an estimated price now of around £175,911.

14 Sep 2017 1 Dec 2018 % change Purchase Price Gain / Loss Estimated Price
118.1 122.2 3.477 % £170,000 £5,911 £175,911

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 88.568 % £150,565 £320,565
3 Month Average 34.138 % £58,033 £228,033
6 Month Average 18.075 % £30,727 £200,727

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

In September 2017 the average sale price for the 50 nearest sales within 12 miles of 20 CROWN AVENUE was £137,911.

In January 2019 the average sale price for the 13 nearest sales was £189,303. This is a change of 37.265%.

So taking the original purchase price of £170,000 and adjusting it by 37.265% gives an estimated price of £233,349.

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

Average price on 14 Sep 2017 Average price on 30 Jan 2019 % change Purchase Price Gain / Loss Estimated Price
£137,911 £189,303 37.265 % £170,000 £63,349 £233,349
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
11 Dec 2018 £175,000 £175,000 CARDUELIS SOUTH CRESCENT
5 Dec 2018 £135,000 £135,000 19 SOUTH CRESCENT
14 Nov 2018 £69,155 £70,000 BROOKLANDS SOUTH CRESCENT
18 Oct 2018 £142,704 £145,000 17 CROWN AVENUE
24 Sep 2018 £105,744 £108,000 16 ANCASTER MEWS

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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