10, OAK CLOSE, INGOLDMELLS, SKEGNESS, PE25 1QQ - £190,000

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 OAK CLOSE is a very small detached house of 56m², built sometime between 2003 and 2006. It was last sold for £190,000 in March 2022, which was around 29% below the average March 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

10 OAK CLOSE Sold Prices

Land registry data shows three sales for 10 OAK CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three 10 OAK 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
2022 3 MAR	£190,000	£267,673	29% below HPI
2015 28 AUG	£135,000	£187,653	28% below HPI
2008 14 NOV	£118,000	£172,480	32% below HPI

10 OAK 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 three 10 OAK CLOSE sales between November 2008 and March 2022 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 August 2015 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the March 2022 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 10 OAK CLOSE be worth now?

10 OAK CLOSE might now be worth an estimated £202,222.

This is based on house price inflation of 6.4%, between March 2022 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 6.4% inflationary increase is applied to the most recent sale price for 10 OAK CLOSE of £190,000 on 3rd March 2022. For the value to have increased from £190,000 to £202,222 over the one year and three months to December 2024, the following assumptions must hold true:

• The value of 10 OAK CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The March 2022 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 10 OAK CLOSE has not materially changed since March 2022.

How Large is 10 OAK CLOSE?

10 OAK CLOSE is 56m² according to the EPC inspection conducted in August 2021. 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 OAK CLOSE lies on this distribution: 14% of detached houses houses are smaller than 10 OAK CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

10 OAK CLOSE: Plot and Title Map

10 OAK CLOSE sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of 10 OAK 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 10 OAK 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 10 OAK CLOSE?

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