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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

18 ELMWOOD DRIVE is a very small detached house of 54m², built sometime between 1983 and 1990, which could now be worth an estimated £200,510. It was last sold for £156,000 in August 2018, which was around 30% 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	£221,643	30% below HPI
2017 26 MAY	£76,300	£203,787	63% below HPI
2009 24 APR	£100,000	£162,479	38% below HPI
2007 30 NOV	£142,700	£190,928	25% 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 63% below the HPI. So the extrapolation line tracks at 63% below the HPI over time, until the August 2018 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 18 ELMWOOD DRIVE be worth now?

18 ELMWOOD DRIVE might now be worth an estimated £200,510.

This is based on house price inflation of 28.5%, between August 2018 and March 2025, 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 28.5% inflationary increase is applied to the most recent sale price for 18 ELMWOOD DRIVE of £156,000 on 17th August 2018. For the value to have increased from £156,000 to £200,510 over the seven years and five months to March 2025, the following assumptions must hold true:

• The value of 18 ELMWOOD DRIVE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The August 2018 sale price of £156,000 represented a fair market value for the property.
• The size, condition, and specification of 18 ELMWOOD DRIVE has not materially changed since August 2018.

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 houses in Ingoldmells, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ingoldmells, and where 18 ELMWOOD DRIVE lies on this distribution: 9% of detached houses 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.