17, MERRILLS WAY, INGOLDMELLS, SKEGNESS, PE25 1JN - £188,000

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

17 MERRILLS WAY is a very large extended detached house of 103m², built sometime between 2003 and 2006, which could now be worth an estimated £244,249. It was last sold for £188,000 in December 2018, which was around 14% below the average December 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

17 MERRILLS WAY Sold Prices

Land registry data shows two sales for 17 MERRILLS WAY 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 17 MERRILLS WAY 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
2018 18 DEC	£188,000	£219,283	14% below HPI
2007 29 JUN	£182,250	£190,278	4% below HPI

17 MERRILLS WAY 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 17 MERRILLS WAY sales from June 2007 and December 2018 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 June 2007 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the December 2018 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 17 MERRILLS WAY be worth now?

17 MERRILLS WAY might now be worth an estimated £244,249.

This is based on house price inflation of 29.9%, between December 2018 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 29.9% inflationary increase is applied to the most recent sale price for 17 MERRILLS WAY of £188,000 on 18th December 2018. For the value to have increased from £188,000 to £244,249 over the six years to December 2024, the following assumptions must hold true:

• The value of 17 MERRILLS WAY has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The December 2018 sale price of £188,000 represented a fair market value for the property.
• The size, condition, and specification of 17 MERRILLS WAY has not materially changed since December 2018.

How Large is 17 MERRILLS WAY?

17 MERRILLS WAY is 103m², which includes three extensions, according to the EPC inspection conducted in July 2018. This puts it in the largest 20% 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 17 MERRILLS WAY lies on this distribution: 88% of detached houses houses are smaller than 17 MERRILLS WAY, and 12% of houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

17 MERRILLS WAY: Plot and Title Map

17 MERRILLS WAY sits on a plot of roughly 0.071 of an acre, or 287m². The below map shows the location of 17 MERRILLS WAY, 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 17 MERRILLS WAY). 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 17 MERRILLS WAY?

17 MERRILLS WAY is located in INGOLDMELLS, in the PE25 postcode district. The below map shows the position of No. 17 on MERRILLS WAY.