1, STONES CLOSE, HOGSTHORPE, SKEGNESS, PE24 5NZ - £185,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 STONES CLOSE is a very small detached house of 64m², built sometime between 1976 and 1982, which could now be worth an estimated £193,260. It was last sold for £185,000 in June 2023, which was around 32% below the average June 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was C.

1 STONES CLOSE Sold Prices

Land registry data shows four sales for 1 STONES CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four 1 STONES 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
2023 9 JUN	£185,000	£274,017	32% below HPI
2021 25 FEB	£145,000	£236,230	39% below HPI
2010 28 MAY	£116,350	£174,415	33% below HPI
1998 27 NOV	£42,500	£68,272	38% below HPI

1 STONES 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 four 1 STONES CLOSE sales between November 1998 and June 2023 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 2021 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the June 2023 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 1 STONES CLOSE be worth now?

1 STONES CLOSE might now be worth an estimated £193,260.

This is based on house price inflation of 4.5%, between June 2023 and February 2025, 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 4.5% inflationary increase is applied to the most recent sale price for 1 STONES CLOSE of £185,000 on 9th June 2023. For the value to have increased from £185,000 to £193,260 over the two years and four months to February 2025, the following assumptions must hold true:

• The value of 1 STONES CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The June 2023 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 1 STONES CLOSE has not materially changed since June 2023.

How Large is 1 STONES CLOSE?

1 STONES CLOSE is 64m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 20% of detached houses houses in Hogsthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hogsthorpe, and where 1 STONES CLOSE lies on this distribution: 19% of detached houses houses are smaller than 1 STONES CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Hogsthorpe.

1 STONES CLOSE: Plot and Title Map

1 STONES CLOSE sits on a plot of roughly 0.074 of an acre, or 301m². The below map shows the location of 1 STONES 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 STONES 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 STONES CLOSE?

1 STONES CLOSE is located in HOGSTHORPE, in the PE24 postcode district. The below map shows the position of No. 1 on STONES CLOSE.