18, OAK CLOSE, INGOLDMELLS, SKEGNESS, PE25 1QQ - £145,000

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 OAK CLOSE is a midsized detached house of 72m², built sometime between 1983 and 1990. It was last sold for £145,000 in July 2014, which was around 17% below the average July 2014 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was B.

18 OAK CLOSE Sold Prices

Land registry data shows two sales for 18 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 18 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
2014 11 JUL	£145,000	£174,550	17% below HPI
1998 31 JUL	£53,000	£65,105	19% below HPI

18 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 18 OAK CLOSE sales from July 1998 and July 2014 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 July 1998 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the July 2014 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 18 OAK CLOSE?

18 OAK CLOSE is 72m² according to the EPC inspection conducted in February 2013. This puts it in the largest 50% 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 OAK CLOSE lies on this distribution: 53% of detached houses are smaller than 18 OAK CLOSE, and 46% of houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

18 OAK CLOSE: Plot and Title Map

18 OAK CLOSE sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of 18 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 18 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 18 OAK CLOSE?

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