18, ELMWOOD DRIVE, INGOLDMELLS, SKEGNESS, PE25 1QG - £156,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

18 ELMWOOD DRIVE is a very small detached house of 54m², built sometime between 1983 and 1990. It was last sold for £156,000 in August 2018, which was around 29% below the average August 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2017, where the current energy rating was C, and the potential energy rating was B.

18 ELMWOOD DRIVE Sold Prices

Land registry data shows four sales for 18 ELMWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four 18 ELMWOOD DRIVE 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 17 AUG	£156,000	£218,460	29% below HPI
2017 26 MAY	£76,300	£200,860	62% below HPI
2009 24 APR	£100,000	£160,146	38% below HPI
2007 30 NOV	£142,700	£188,186	24% below HPI

18 ELMWOOD DRIVE 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 four 18 ELMWOOD DRIVE sales between November 2007 and August 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 May 2017 sale was for 62% below the HPI. So the extrapolation line tracks at 62% below the HPI over time, until the August 2018 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 18 ELMWOOD DRIVE?

18 ELMWOOD DRIVE is 54m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 10% of detached houses in Ingoldmells, based on EPC data. The below chart shows the distribution of detached houses by size in Ingoldmells, and where 18 ELMWOOD DRIVE lies on this distribution: 9% of detached houses are smaller than 18 ELMWOOD DRIVE, and 90% of houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

18 ELMWOOD DRIVE: Plot and Title Map

18 ELMWOOD DRIVE sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 18 ELMWOOD DRIVE, 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 18 ELMWOOD DRIVE). 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 18 ELMWOOD DRIVE?

18 ELMWOOD DRIVE is located in INGOLDMELLS, in the PE25 postcode district. The below map shows the position of No. 18 on ELMWOOD DRIVE.