1, LYNN WELL CLOSE, SKEGNESS, PE25 1DS - £220,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 LYNN WELL CLOSE is a small detached house of 79m², built sometime between 1967 and 1975. It was last sold for £220,000 in April 2022, which was around 18% below the average April 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.

1 LYNN WELL CLOSE Sold Prices

Land registry data shows three sales for 1 LYNN WELL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Two of the three 1 LYNN WELL CLOSE sales were for below the average price, whilst one was for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 13 APR	£220,000	£268,144	18% below HPI
1999 27 JAN	£67,500	£68,502	1% below HPI
1996 23 DEC	£59,950	£59,037	2% above HPI

1 LYNN WELL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The three 1 LYNN WELL CLOSE sales between December 1996 and April 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the January 1999 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the April 2022 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 1 LYNN WELL CLOSE be worth now?

1 LYNN WELL CLOSE might now be worth an estimated £233,741.

This is based on house price inflation of 6.2%, between April 2022 and December 2024, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.2% inflationary increase is applied to the most recent sale price for 1 LYNN WELL CLOSE of £220,000 on 13th April 2022. For the value to have increased from £220,000 to £233,741 over the one year and four months to December 2024, the following assumptions must hold true:

• The value of 1 LYNN WELL CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The April 2022 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 1 LYNN WELL CLOSE has not materially changed since April 2022.

How Large is 1 LYNN WELL CLOSE?

1 LYNN WELL CLOSE is 79m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 40% of detached houses houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses houses by size in Skegness, and where 1 LYNN WELL CLOSE lies on this distribution: 32% of detached houses houses are smaller than 1 LYNN WELL CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Skegness.

1 LYNN WELL CLOSE: Plot and Title Map

1 LYNN WELL CLOSE sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of 1 LYNN WELL CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 LYNN WELL CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 LYNN WELL CLOSE?

1 LYNN WELL CLOSE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 1 on LYNN WELL CLOSE.