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Skegness House Prices Skegness House Prices

The average house price in Skegness is £150,000 using HM Land Registry data.

The average property price increased by £39,117 (24.02%) over the last 5 years and increased by £7,818 (4.03%) over the last 12 months.

Over the last year, there were 170 residential property sales – a decrease of 129 transactions (-75.88%) relative to the previous year. The majority of house sales (39) were in the £166,000 - £204,000 range. Then came properties in the £128,000 - £166,000 range, where 31 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 £-5,031 (-2%).

In April 2024, there were 66 new estate agency instructions, 31 agreed home sales and 35 property price reductions.

Postcodes Covered: PE24, PE25

5-Year Average Property Prices in Skegness

24.02%

Property prices in Skegness increased by 24.02% 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 Skegness Over the Last Year

4.03%

Property prices in Skegness increased by 4.03% 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 Skegness - April 2024

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 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 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 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 Skegness since 1995

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

Recent Property Sales in Skegness

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
23 Wilford Grove, Skegness, Lincolnshire, PE25 3EZ£215,000£207,000-£8,00021 Jul 202325 Mar 2024248 Days
12 Sutton Court, Skegness, Lincolnshire, PE25 2BH£149,950£131,000-£18,95013 Jul 202221 Mar 2024617 Days
1 Sutton Court, Skegness, Lincolnshire, PE25 2BH£110,000£107,000-£3,00026 Aug 202328 Feb 2024186 Days
3 St Annes Close, Skegness, Lincolnshire, PE25 1DE£165,000£148,000-£17,00004 Oct 202328 Feb 2024147 Days
12 Wentworth Close, Skegness, Lincolnshire, PE25 1DP£199,950£195,000-£4,95001 Apr 202327 Feb 2024332 Days
1 St Davids Close, Skegness, Lincolnshire, PE25 1DW£200,000£200,000£0012 Oct 202327 Feb 2024138 Days
30 Martin Way, Winthorpe, Skegness, Lincolnshire, PE25 1EN£175,000£175,000£0011 Oct 202327 Feb 2024139 Days
23 Kennedy Avenue, Skegness, Lincolnshire, PE25 3PN£240,000£232,000-£8,00011 Aug 202323 Feb 2024196 Days
5 Edward Crescent, Skegness, Lincolnshire, PE25 3SA£160,000£140,000-£20,00009 Jun 202308 Feb 2024244 Days
6 Yarborough Road, Skegness, Lincolnshire, PE25 2NX£210,000£190,000-£20,00018 Sep 202302 Feb 2024137 Days
47 Martin Way, Winthorpe, Skegness, Lincolnshire, PE25 1EN£124,950£121,000-£3,95011 Sep 202324 Jan 2024135 Days
2 Kings Avenue, Skegness, Lincolnshire, PE25 1RD£210,000£182,500-£27,50011 Nov 202319 Jan 202469 Days
17 Perrin Avenue, Skegness, Lincolnshire, PE25 2NR£99,950£95,000-£4,95015 Aug 202312 Jan 2024150 Days
5 Dutton Avenue, Skegness, Lincolnshire, PE25 2HR£210,000£205,000-£5,00014 Jul 202320 Dec 2023159 Days
Apartment 2, Victory House, Beacon Park Drive, Skegness, Lincolnshire, PE25 1GE£94,000£93,000-£1,00009 May 202308 Dec 2023213 Days
17 Mulberry Way, Skegness, Lincolnshire, PE25 1GD£99,950£97,000-£2,95013 Jul 202330 Nov 2023140 Days
28 Edward Crescent, Skegness, Lincolnshire, PE25 3SA£169,950£165,500-£4,45019 Jun 202322 Nov 2023156 Days
10 Harrow Road, Skegness, Lincolnshire, PE25 1GH£245,000£232,500-£12,50015 May 202320 Nov 2023189 Days
41 Victoria Road, Skegness, Lincolnshire, PE25 3SB£209,950£200,000-£9,95006 May 202316 Nov 2023194 Days
10 Brian Avenue, Skegness, Lincolnshire, PE25 2DF£112,500£112,500£0015 Aug 202315 Nov 202392 Days

Most Expensive Streets in Skegness

PostcodeStreetAreaAverageNo. of Sales
PE25 1DJSt Andrews DriveSkegness£405,0005
PE25 3AHSeacroft DriveSkegness£392,5005
PE25 1DLSt Andrews DriveSkegness£389,6005
PE25 3DQAlbert AvenueSkegness£386,6663
PE25 3AAShardloes RoadSkegness£360,0003
PE25 3APSeacroft DriveSkegness£331,1005
PE25 3ERMarine AvenueSkegness£323,3333
PE25 3ALPrecinct CrescentSkegness£311,0005
PE25 3AYDrummond RoadSkegness£302,5004
PE25 3EWLifeboat AvenueSkegness£295,0003

Least Expensive Streets in Skegness

PostcodeStreetAreaAverageNo. of Sales
PE25 2SZScarbrough AvenueSkegness£48,5005
PE25 2RFBaythorpe Caravan ParkBurgh Road£72,6653
PE25 2RBLangton CourtSkegness£79,1427
PE25 1GPParliament CloseSkegness£91,7005
PE25 1GEVictory HouseBeacon Park Drive£93,0003
PE25 1FRLincoln HouseBeacon Park Drive£93,0874
PE25 2EHAnwick HouseNormanby Road£94,9506
PE25 2BFHemswell HouseBraceby Road£98,1663
PE25 2EQElsham HouseNormanby Road£99,1676
PE25 1GXCranwell HouseBelton Park Road£101,5833

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