14, LYNN WELL CLOSE, SKEGNESS, PE25 1DS - £174,000

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.

14 LYNN WELL CLOSE is a small detached house of 84m², built sometime between 1991 and 1995, which could now be worth an estimated £213,786. It was last sold for £174,000 in November 2020, which was around 25% below the average November 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was D.

14 LYNN WELL CLOSE Sold Prices

Land registry data shows two sales for 14 LYNN WELL CLOSE 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 14 LYNN WELL 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
2020 20 NOV	£174,000	£232,980	25% below HPI
2007 30 AUG	£150,000	£195,098	23% below HPI

14 LYNN WELL 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 two 14 LYNN WELL CLOSE sales from August 2007 and November 2020 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 2007 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the November 2020 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 14 LYNN WELL CLOSE be worth now?

14 LYNN WELL CLOSE might now be worth an estimated £213,786.

This is based on house price inflation of 22.9%, between November 2020 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 22.9% inflationary increase is applied to the most recent sale price for 14 LYNN WELL CLOSE of £174,000 on 20th November 2020. For the value to have increased from £174,000 to £213,786 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 14 LYNN WELL CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The November 2020 sale price of £174,000 represented a fair market value for the property.
• The size, condition, and specification of 14 LYNN WELL CLOSE has not materially changed since November 2020.

How Large is 14 LYNN WELL CLOSE?

14 LYNN WELL CLOSE is 84m² according to the EPC inspection conducted in June 2011. This puts it in the smallest 40% of detached houses houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses houses by size in Skegness, and where 14 LYNN WELL CLOSE lies on this distribution: 38% of detached houses houses are smaller than 14 LYNN WELL CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Skegness.

14 LYNN WELL CLOSE: Plot and Title Map

14 LYNN WELL CLOSE sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 14 LYNN WELL 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 14 LYNN WELL 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 14 LYNN WELL CLOSE?

14 LYNN WELL CLOSE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 14 on LYNN WELL CLOSE.