1, MERRILLS WAY, INGOLDMELLS, SKEGNESS, PE25 1JN - £167,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 MERRILLS WAY is a very large detached house of 97m², built sometime between 2003 and 2006. It was last sold for £167,000 in April 2016, which was around 12% below the average April 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2016, where the current energy rating was C, and the potential energy rating was B.

1 MERRILLS WAY Sold Prices

Land registry data shows two sales for 1 MERRILLS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 1 MERRILLS WAY sales were for below 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
2016 25 APR	£167,000	£189,394	12% below HPI
2007 29 JUN	£166,000	£187,546	11% below HPI

1 MERRILLS WAY 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 two 1 MERRILLS WAY sales from June 2007 and April 2016 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 June 2007 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the April 2016 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 1 MERRILLS WAY?

1 MERRILLS WAY is 97m² according to the EPC inspection conducted in January 2016. This puts it in the largest 20% of detached houses in Ingoldmells, based on EPC data. The below chart shows the distribution of detached houses by size in Ingoldmells, and where 1 MERRILLS WAY lies on this distribution: 85% of detached houses are smaller than 1 MERRILLS WAY, and 15% of houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

1 MERRILLS WAY: Plot and Title Map

1 MERRILLS WAY sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of 1 MERRILLS WAY, 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 MERRILLS WAY). 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 MERRILLS WAY?

1 MERRILLS WAY is located in INGOLDMELLS, in the PE25 postcode district. The below map shows the position of No. 1 on MERRILLS WAY.