10, MERRILLS WAY, INGOLDMELLS, SKEGNESS, PE25 1JN - £145,000

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

10 MERRILLS WAY is a very small detached house of 58m², built sometime between 2003 and 2006, which could now be worth an estimated £241,510. It was last sold for £145,000 in August 2011, which was around 15% below the average August 2011 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2009, where the current energy rating was C, and the potential energy rating was C.

10 MERRILLS WAY Sold Prices

Land registry data shows two sales for 10 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 10 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
2011 5 AUG	£145,000	£171,046	15% below HPI
2006 15 DEC	£142,500	£180,421	21% below HPI

10 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 10 MERRILLS WAY sales from December 2006 and August 2011 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 December 2006 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2011 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 10 MERRILLS WAY be worth now?

10 MERRILLS WAY might now be worth an estimated £241,510.

This is based on house price inflation of 66.6%, between August 2011 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 66.6% inflationary increase is applied to the most recent sale price for 10 MERRILLS WAY of £145,000 on 5th August 2011. For the value to have increased from £145,000 to £241,510 over the twelve years and eight months to December 2024, the following assumptions must hold true:

• The value of 10 MERRILLS WAY has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The August 2011 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 10 MERRILLS WAY has not materially changed since August 2011.

How Large is 10 MERRILLS WAY?

10 MERRILLS WAY is 58m² according to the EPC inspection conducted in July 2009. This puts it in the smallest 20% of detached houses houses in Ingoldmells, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ingoldmells, and where 10 MERRILLS WAY lies on this distribution: 16% of detached houses houses are smaller than 10 MERRILLS WAY, and 84% of houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

10 MERRILLS WAY: Plot and Title Map

10 MERRILLS WAY sits on a plot of roughly 0.093 of an acre, or 378m². The below map shows the location of 10 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 10 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 10 MERRILLS WAY?

10 MERRILLS WAY is located in INGOLDMELLS, in the PE25 postcode district. The below map shows the position of No. 10 on MERRILLS WAY.