Full Address

55 WILTON AVENUE
CHAPEL ST LEONARDS
SKEGNESS
LINCOLNSHIRE
UNITED KINGDOM
PE24 5YN

Estimated Market Value

£145,290

This estimated value is based upon the latest sale price for the house of £145,000 on 12 Oct 2018. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE1

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Transactions for this house
Price PaidDate
£145,00012 Oct 2018
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 October 2018 the House Price Index for LINCOLNSHIRE was 124.3.

The House Price Index as of 1 Dec 2019 is 124.6 which is a change of 0.200%.

Applying this 0.200% change to the original purchase price of £145,000 gives us an estimated price now of around £145,289.

12 Oct 2018 1 Dec 2019 % change Purchase Price Gain / Loss Estimated Price
124.3 124.6 0.200 % £145,000 £289 £145,289

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 48.481 % £70,297 £215,297
3 Month Average 17.613 % £25,538 £170,538
6 Month Average -11.197 % £-16,235 £128,764

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

In October 2018 the average sale price for the 50 nearest sales within seven miles of 55 WILTON AVENUE was £121,081.

In August 2020 the average sale price for the 4 nearest sales was £119,128. This is a change of -1.613%.

So taking the original purchase price of £145,000 and adjusting it by -1.613% gives an estimated price of £142,661.

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

Average price on 12 Oct 2018 Average price on 25 Aug 2020 % change Purchase Price Gain / Loss Estimated Price
£121,081 £119,128 -1.613 % £145,000 £-2,338 £142,661
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
11 Sep 2019 £159,247 £159,995 67 WILTON AVENUE
31 Jan 2019 £125,974 £125,000 6 WILTON AVENUE
28 Nov 2018 £205,796 £205,000 2 PRINCE AVENUE
12 Oct 2018 £145,290 £145,000 55 WILTON AVENUE
10 Oct 2018 £122,745 £122,500 9 WILTON 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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