16, DENHAM CLOSE, SKEGNESS, PE25 3PH - £175,000

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

16 DENHAM CLOSE is a very small detached house of 47m², built sometime between 1930 and 1949. It was last sold for £175,000 in October 2023, which was around 37% below the average October 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

16 DENHAM CLOSE Sold Prices

Land registry data shows two sales for 16 DENHAM 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 16 DENHAM 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
2023 2 OCT	£175,000	£277,683	37% below HPI
2020 18 FEB	£105,500	£212,241	50% below HPI

16 DENHAM 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 16 DENHAM CLOSE sales from February 2020 and October 2023 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 February 2020 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the October 2023 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 16 DENHAM CLOSE?

16 DENHAM CLOSE is 47m² according to the EPC inspection conducted in July 2019. This puts it in the smallest 10% of detached houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses by size in Skegness, and where 16 DENHAM CLOSE lies on this distribution: 1% of detached houses are smaller than 16 DENHAM CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Skegness.

16 DENHAM CLOSE: Plot and Title Map

16 DENHAM CLOSE sits on a plot of roughly 0.045 of an acre, or 181m². The below map shows the location of 16 DENHAM 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 16 DENHAM 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 16 DENHAM CLOSE?

16 DENHAM CLOSE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 16 on DENHAM CLOSE.