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Skegness House Prices Skegness House Prices

The average house price in Skegness is £172,578 using HM Land Registry data.

The average property price increased by £30,618 (17.96%) over the last 5 years and increased by £6,135 (3.15%) over the last 12 months.

Over the last year, there were 194 residential property sales – a decrease of 45 transactions (-23.20%) relative to the previous year. The majority of house sales (42) were in the £202,000 - £236,000 range. Then came properties in the £168,000 - £202,000 range, where 38 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 84 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,309 (-3%).

In Dec 24, there were 27 new estate agency instructions, 22 agreed home sales and 37 property price reductions.

Postcodes Covered: PE24, PE25

5-Year Average Property Prices in Skegness

17.96%

Property prices in Skegness increased by 17.96% 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

3.15%

Property prices in Skegness increased by 3.15% 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 - Dec 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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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
1 St Valentines Way, Skegness, Lincolnshire, PE25 2NG£265,000£260,000-£5,00005 Jun 202415 Nov 2024163 Days
318 Drummond Road, Skegness, Lincolnshire, PE25 3AY£495,000£475,000-£20,00001 Sep 202314 Nov 2024440 Days
5 Nelson Close, Skegness, Lincolnshire, PE25 1TA£190,000£180,000-£10,00028 May 202411 Nov 2024167 Days
21 Albany Road, Skegness, Lincolnshire, PE25 2NH£185,000£181,000-£4,00017 Jul 202411 Nov 2024117 Days
42 Mayfield Grove, Skegness, Lincolnshire, PE25 3RY£210,000£210,000£0013 Jun 202407 Nov 2024147 Days
64 Everingtons Lane, Skegness, Lincolnshire, PE25 1HN£270,000£262,000-£8,00018 Apr 202425 Oct 2024190 Days
15 Fulford Way, Skegness, Lincolnshire, PE25 1DD£229,995£217,000-£12,99505 Jul 202418 Oct 2024105 Days
9 Beckett Close, Skegness, Lincolnshire, PE25 3JW£234,000£232,000-£2,00005 Aug 202418 Oct 202474 Days
13 The Needles, Skegness, Lincolnshire, PE25 1EQ£189,950£78,377-£111,57303 Jul 202418 Oct 2024107 Days
54 Beresford Avenue, Skegness, Lincolnshire, PE25 3JG£295,000£250,000-£45,00004 Mar 202418 Oct 2024228 Days
8 Forsyth Crescent, Skegness, Lincolnshire, PE25 3PR£175,000£168,500-£6,50026 Feb 202418 Oct 2024235 Days
96 South Parade, Skegness, Lincolnshire, PE25 3HR£165,000£150,000-£15,00012 Jul 202411 Oct 202491 Days
110 Briar Way, Skegness, Lincolnshire, PE25 3PU£265,000£250,000-£15,00031 May 202411 Oct 2024133 Days
4 Royal Arthur Close, Skegness, Lincolnshire, PE25 3PD£189,500£185,000-£4,50016 Aug 202411 Oct 202456 Days
55 Beacon Park Drive, Skegness, Lincolnshire, PE25 1HE£345,000£340,000-£5,00004 Mar 202408 Oct 2024218 Days
11 Firbeck Avenue, Skegness, Lincolnshire, PE25 3JY£240,000£235,000-£5,00021 Feb 202408 Oct 2024230 Days
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

Most Expensive Streets in Skegness

PostcodeStreetAreaAverageNo. of Sales
PE25 3AHSeacroft DriveSkegness£445,8333
PE25 3DQAlbert AvenueSkegness£398,3995
PE25 1DLSt Andrews DriveSkegness£379,6005
PE25 3ATDrummond RoadSkegness£376,6663
PE25 1DJSt Andrews DriveSkegness£344,2005
PE25 3APSeacroft DriveSkegness£339,1663
PE25 3ALPrecinct CrescentSkegness£318,7504
PE25 3AYDrummond RoadSkegness£302,5004
PE25 3EWLifeboat AvenueSkegness£295,0003
PE25 1AUSunningdale DriveSkegness£279,7005

Least Expensive Streets in Skegness

PostcodeStreetAreaAverageNo. of Sales
PE25 2SZScarbrough AvenueSkegness£48,5005
PE25 2SBEllis CourtSkegness£51,5003
PE25 2RFBaythorpe Caravan ParkBurgh Road£72,6653
PE25 2RBLangton CourtSkegness£81,5006
PE25 1GPParliament CloseSkegness£92,1254
PE25 1FRLincoln HouseBeacon Park Drive£94,0605
PE25 2EHAnwick HouseNormanby Road£94,9506
PE25 2BFHemswell HouseBraceby Road£98,1663
PE25 2EQElsham HouseNormanby Road£99,1676
PE25 2SWSchool CottagesRoman Bank£101,3333

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