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

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

10 MERRILLS WAY is a very small detached house of 58m², built sometime between 2003 and 2006. It was last sold for £145,000 in August 2011, which was around 14% 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	£168,589	14% below HPI
2006 15 DEC	£142,500	£177,830	20% 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 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2011 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

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 in Ingoldmells, based on EPC data. The below chart shows the distribution of detached houses by size in Ingoldmells, and where 10 MERRILLS WAY lies on this distribution: 16% of detached 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.