11, ELMWOOD DRIVE, INGOLDMELLS, SKEGNESS, PE25 1QG - £150,000

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

11 ELMWOOD DRIVE is a very small detached house of 53m², built sometime between 1983 and 1990. It was last sold for £150,000 in February 2021, which was around 37% below the average February 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2018, where the current energy rating was E, and the potential energy rating was B.

11 ELMWOOD DRIVE Sold Prices

Land registry data shows two sales for 11 ELMWOOD DRIVE 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 11 ELMWOOD DRIVE 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
2021 25 FEB	£150,000	£236,230	37% below HPI
2018 24 JUL	£130,000	£220,525	41% below HPI

11 ELMWOOD DRIVE 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 11 ELMWOOD DRIVE sales from July 2018 and February 2021 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 July 2018 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the February 2021 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 11 ELMWOOD DRIVE be worth now?

11 ELMWOOD DRIVE might now be worth an estimated £180,899.

This is based on house price inflation of 20.6%, between February 2021 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 20.6% inflationary increase is applied to the most recent sale price for 11 ELMWOOD DRIVE of £150,000 on 25th February 2021. For the value to have increased from £150,000 to £180,899 over the two years and two months to December 2024, the following assumptions must hold true:

• The value of 11 ELMWOOD DRIVE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The February 2021 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 11 ELMWOOD DRIVE has not materially changed since February 2021.

How Large is 11 ELMWOOD DRIVE?

11 ELMWOOD DRIVE is 53m² according to the EPC inspection conducted in April 2018. This puts it in the smallest 10% 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 11 ELMWOOD DRIVE lies on this distribution: 7% of detached houses houses are smaller than 11 ELMWOOD DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

11 ELMWOOD DRIVE: Plot and Title Map

11 ELMWOOD DRIVE sits on a plot of roughly 0.072 of an acre, or 292m². The below map shows the location of 11 ELMWOOD DRIVE, 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 11 ELMWOOD DRIVE). 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 11 ELMWOOD DRIVE?

11 ELMWOOD DRIVE is located in INGOLDMELLS, in the PE25 postcode district. The below map shows the position of No. 11 on ELMWOOD DRIVE.