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House Prices in PE25 House Prices in PE25 (Skegness)

The average house price in PE25 (Skegness) is £257,940 using HM Land Registry data.

The average property price increased by £36,660 (26.94%) over the last 5 years and increased by £7,345 (4.04%) over the last 12 months.

Over the last year, there were 189 residential property sales – a decrease of 71 transactions (-37.57%) relative to the previous year. The majority of house sales (40) were in the £168,000 - £202,000 range. Then came properties in the £202,000 - £236,000 range, where 38 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 67 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,785 (-2%).

In Oct 24, there were 59 new estate agency instructions, 47 agreed home sales and 57 property price reductions.

Nearby Postcodes: LN13, PE22, PE23, PE24

5-Year Average Property Prices in PE25 (Skegness)

26.94%

Property prices in Skegness increased by 26.94% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in PE25 (Skegness) Over the Last Year

4.04%

Property prices in Skegness increased by 4.04% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for PE25 (Skegness) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in PE25 (Skegness)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in PE25 (Skegness)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in PE25 (Skegness)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the PE25 (Skegness) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PE25 postcode area since 1995.

Recent Sales in PE25 (Skegness)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
29 Albany Way, Skegness, Lincolnshire, PE25 2NA£230,000£218,500-£11,50028 Mar 202423 Aug 2024148 Days
31 Hoylake Drive, Skegness, Lincolnshire, PE25 1AE£195,000£185,000-£10,00012 Apr 202416 Aug 2024126 Days
6 Lyndhurst Court, Skegness, Lincolnshire, PE25 2RP£130,000£120,000-£10,00027 Mar 202407 Aug 2024133 Days
117 Beresford Avenue, Skegness, Lincolnshire, PE25 3JN£350,000£340,000-£10,00006 Feb 202406 Aug 2024182 Days
6 Beckett Close, Skegness, Lincolnshire, PE25 3JW£215,000£210,000-£5,00009 Feb 202401 Aug 2024174 Days
52 Castleton Boulevard, Skegness, Lincolnshire, PE25 2TS£275,000£272,500-£2,50015 May 202426 Jul 202472 Days
81 St Andrews Drive, Skegness, Lincolnshire, PE25 1DL£450,000£425,000-£25,00022 Mar 202424 Jul 2024124 Days
104 Briar Way, Skegness, Lincolnshire, PE25 3PU£240,000£228,000-£12,00012 Jan 202423 Jul 2024193 Days
3 David Drive, Skegness, Lincolnshire, PE25 1TS£194,950£192,950-£2,00006 Feb 202419 Jul 2024164 Days
298 Drummond Road, Skegness, Lincolnshire, PE25 3AT£390,000£390,000£0026 Dec 202312 Jul 2024199 Days
7 Lettwell Crescent, Skegness, Lincolnshire, PE25 3LB£300,000£300,000£0031 Jan 202410 Jul 2024161 Days
9a, Castleton Boulevard, Skegness, Lincolnshire, PE25 2TU£174,950£174,950£0022 Sep 202310 Jul 2024292 Days
30 Edward Crescent, Skegness, Lincolnshire, PE25 3SA£135,000£135,000£0028 Feb 202427 Jun 2024120 Days
17 Burghley Road, Skegness, Lincolnshire, PE25 3NJ£250,000£240,000-£10,00015 Nov 202326 Jun 2024224 Days
23 Holland Drive, Skegness, Lincolnshire, PE25 3NH£269,500£262,500-£7,00002 Jan 202419 Jun 2024169 Days
36 Seathorne Crescent, Skegness, Lincolnshire, PE25 1RP£170,000£115,000-£55,00002 Jan 202419 Jun 2024169 Days
8 Swaby Crescent, Skegness, Lincolnshire, PE25 2HG£190,000£175,000-£15,00002 Oct 202317 Jun 2024259 Days
2 Montgomery Road, Skegness, Lincolnshire, PE25 2EX£169,950£160,000-£9,95001 Mar 202411 Jun 2024102 Days
7 Hurdman Way, Ingoldmells, Skegness, Lincolnshire, PE25 1NH£195,000£195,000£0009 Feb 202410 Jun 2024122 Days
5 Lumley Crescent, Skegness, Lincolnshire, PE25 2TL£320,000£315,000-£5,00019 Feb 202407 Jun 2024109 Days

Most Expensive Streets in PE25 (Skegness)

PostcodeStreetAreaAverageNo. of Sales
PE25 3AHSeacroft DriveSkegness£428,1254
PE25 1DLSt Andrews DriveSkegness£379,6005
PE25 1DJSt Andrews DriveSkegness£373,7504
PE25 3AAShardloes RoadSkegness£360,0003
PE25 3ATDrummond RoadSkegness£350,0003
PE25 3APSeacroft DriveSkegness£338,8754
PE25 3DQAlbert AvenueSkegness£331,7494
PE25 3ERMarine AvenueSkegness£323,3333
PE25 3ALPrecinct CrescentSkegness£318,7504
PE25 3AYDrummond RoadSkegness£302,5004

Least Expensive Streets in PE25 (Skegness)

PostcodeStreetAreaAverageNo. of Sales
PE25 2SZScarbrough AvenueSkegness£48,5005
PE25 2RFBaythorpe Caravan Park, Burgh RoadSkegness£72,6653
PE25 2RBLangton CourtSkegness£79,1427
PE25 1GPParliament CloseSkegness£92,1254
PE25 1GEVictory House, Beacon Park DriveSkegness£93,0003
PE25 1FRLincoln House, Beacon Park DriveSkegness£94,0605
PE25 2EHAnwick House, Normanby RoadSkegness£94,9506
PE25 2BFHemswell House, Braceby RoadSkegness£98,1663
PE25 2EQElsham House, Normanby RoadSkegness£99,1676
PE25 2SWSchool Cottages, Roman BankSkegness£101,3333

Explore PE25 (Skegness) using map

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