1, OLD SCHOOL CLOSE, INGOLDMELLS, SKEGNESS, PE25 1FD - £118,000

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 OLD SCHOOL CLOSE is a midsized detached house of 70m², built sometime between 2003 and 2006. It was last sold for £118,000 in July 2017, which was around 43% below the average July 2017 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

1 OLD SCHOOL CLOSE Sold Prices

Land registry data shows two sales for 1 OLD SCHOOL CLOSE 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 OLD SCHOOL CLOSE 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
2017 21 JUL	£118,000	£206,507	43% below HPI
2011 28 FEB	£140,000	£159,181	12% below HPI

1 OLD SCHOOL 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 two 1 OLD SCHOOL CLOSE sales from February 2011 and July 2017 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 February 2011 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the July 2017 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 1 OLD SCHOOL CLOSE?

1 OLD SCHOOL CLOSE is 70m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 50% 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 OLD SCHOOL CLOSE lies on this distribution: 45% of detached houses are smaller than 1 OLD SCHOOL CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

1 OLD SCHOOL CLOSE: Plot and Title Map

1 OLD SCHOOL CLOSE sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of 1 OLD SCHOOL 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 OLD SCHOOL 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 OLD SCHOOL CLOSE?

1 OLD SCHOOL CLOSE is located in INGOLDMELLS, in the PE25 postcode district. The below map shows the position of No. 1 on OLD SCHOOL CLOSE.