Area Guide For Skegness

Skegness is a seaside town and civil parish in the East Lindsey district of Lincolnshire, England. Located on the Lincolnshire coast of the North Sea, 43 miles (69 km) east of the city of Lincoln it has a total resident population of 18,910. The first Butlins holiday resort was opened in Skegness in 1936. Partially owing to this, the resort is one of the better known seaside resorts in the United Kingdom. Longshore drift carries particles of sediment southwards along the Lincolnshire coast but at Skegness, the sand settles out in banks (tombolos) which run at a slight angle to the coast forming the beard. The slightly elevated dune land sheltered the small natural harbour which the Danes found behind the banks. The finer sediment drifts on to find a home in the mud of The Wash, beyond Gibraltar Point. The civil parish extends westwards along the A158 to the west side of the South View Hotel, and the boundary follows North Drain, bodering with Burgh le Marsh. Just north of Mill Hill, it borders with Addlethorpe, passing to the west of Ash Tree Farm, the airfield and Skegness Water Leisure Park. At the north end of the leisure park it borders with Ingoldmells, and the boundary


Skegness Map

Estimated Price: £153,204
Average Asking Price: £183,351
Price change in last one year: £11,408
Average Price Paid: £130,222
Average Rent Rates: £454


Property Prices Breakdown in Skegness

Average Price for property in Skegness is around £153,204 which varies based on type of property you are interested in and ranges from £176,122 for detached house to around £133,682 for semi-detached. Similarly terraced house is around £118,877 and a flat is worth £88,078. Values have been changing and have risen £2,719 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,240 in last 6 months, £11,408 in last 1 year, £18,610 in last 2 years, £19,166 in last 3 years, £17,671 in last 4 years and £15,930 in last 5 years.

Currently average asking price of a property in Skegness is around £183,351 based on approximately 431 properties for sale. Same is the case with rental options based on 36 properties up for rent, average asking rent is around £454 per month.

Estimated property value in Skegness is £153,204. Average asking price is £183,351 while average price paid is £135,399 which is up by £11,408 and Avg. asking rent £454.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Skegness area. In last 1 year alone average price buyer paid is around £135,399 based on approximately 431 sales in Skegness area alone. If you compare it to last 3 years sales of 1,209 properties where buyers paid around £130,847. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £130,222 for 1,961 and average amount paid for purchase of approx. 2,769 properties sold in last 7 years comes to about £130,372 per sale.


Properties For Sale in Skegness


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £58,375, £117,908 for a 2 bedroom house, £168,883 for a 3 bedroom house, £227,967 for a 4 bedroom house and £297,584 for a 5 bedroom house. For a flat similarly the prices varies from £49,177 for a single bedroom to £83,166 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £102,475. To sum up the asking prices for properties in Skegness it comes to around average £53,050 for 1 bedroom property, £112,831 for 2 bedroom, £168,078 for 3 bedroom, £227,967 for 4 bedroom and £297,584 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £451 for 1 bedroom to £592 for 2 bedroom and £599 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £376. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £466, £524 for 3 bedroom and £559 for 4 bedroom. You should be generally be expecting around average £380 rent per month for single bedroom property, £524 for 2 bedroom, £584 for 3 bedroom and approximately £559 for 4 bedroom property in Skegness area.

Popular Houses in Skegness

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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