16, OAK CLOSE, INGOLDMELLS, SKEGNESS, PE25 1QQ - £192,995

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

16 OAK CLOSE is a very small detached house of 40m², built sometime between 1991 and 1995. It was last sold for £192,995 in December 2022, which was around 33% below the average December 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

16 OAK CLOSE Sold Prices

Land registry data shows two sales for 16 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 16 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 9 DEC	£192,995	£288,289	33% below HPI
2000 14 FEB	£53,500	£74,462	28% below HPI

16 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 16 OAK CLOSE sales from February 2000 and December 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 February 2000 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the December 2022 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 16 OAK CLOSE be worth now?

16 OAK CLOSE might now be worth an estimated £190,721.

This is based on house price deflation of 1.2%, between December 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 1.2% deflationary decrease is applied to the most recent sale price for 16 OAK CLOSE of £192,995 on 9th December 2022. For the value to have decreased from £192,995 to £190,721 over the two years to December 2024, the following assumptions must hold true:

• The value of 16 OAK CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The December 2022 sale price of £192,995 represented a fair market value for the property.
• The size, condition, and specification of 16 OAK CLOSE has not materially changed since December 2022.

How Large is 16 OAK CLOSE?

16 OAK CLOSE is 40m² according to the EPC inspection conducted in March 2022. 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 16 OAK CLOSE lies on this distribution: Less than 1% of detached houses houses are smaller than 16 OAK CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

16 OAK CLOSE: Plot and Title Map

16 OAK CLOSE sits on a plot of roughly 0.065 of an acre, or 262m². The below map shows the location of 16 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 16 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 16 OAK CLOSE?

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