15, OAK CLOSE, INGOLDMELLS, SKEGNESS, PE25 1QQ - £150,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

15 OAK CLOSE is a midsized detached house of 77m², built sometime between 1983 and 1990. It was last sold for £150,000 in February 2021, which was around 36% below the average February 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was B.

15 OAK CLOSE Sold Prices

Land registry data shows two sales for 15 OAK 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 15 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
2021 26 FEB	£150,000	£232,837	36% below HPI
2002 24 MAY	£75,950	£98,349	23% below HPI

15 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 two 15 OAK CLOSE sales from May 2002 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 May 2002 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the February 2021 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 15 OAK CLOSE?

15 OAK CLOSE is 77m² according to the EPC inspection conducted in June 2023. This puts it in the largest 50% of detached houses in Ingoldmells, based on EPC data. The below chart shows the distribution of detached houses by size in Ingoldmells, and where 15 OAK CLOSE lies on this distribution: 58% of detached houses are smaller than 15 OAK CLOSE, and 42% of houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

15 OAK CLOSE: Plot and Title Map

15 OAK CLOSE sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 15 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 15 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 15 OAK CLOSE?

15 OAK CLOSE is located in INGOLDMELLS, in the PE25 postcode district. The below map shows the position of No. 15 on OAK CLOSE.