2, OLD SCHOOL CLOSE, INGOLDMELLS, SKEGNESS, PE25 1FD - £115,000

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

2 OLD SCHOOL CLOSE is a very small semi-detached house of 55m², built sometime between 2003 and 2006. It was last sold for £115,000 in November 2016, which was around 13% below the average November 2016 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was A.

2 OLD SCHOOL CLOSE Sold Prices

Land registry data shows two sales for 2 OLD SCHOOL CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 2 OLD SCHOOL 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
2016 1 NOV	£115,000	£131,740	13% below HPI
2011 24 MAR	£100,000	£108,390	8% below HPI

2 OLD SCHOOL CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two 2 OLD SCHOOL CLOSE sales from March 2011 and November 2016 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 March 2011 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the November 2016 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 2 OLD SCHOOL CLOSE be worth now?

2 OLD SCHOOL CLOSE might now be worth an estimated £168,142.

This is based on house price inflation of 46.2%, between November 2016 and December 2024, for semi-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 46.2% inflationary increase is applied to the most recent sale price for 2 OLD SCHOOL CLOSE of £115,000 on 1st November 2016. For the value to have increased from £115,000 to £168,142 over the seven years and eleven months to December 2024, the following assumptions must hold true:

• The value of 2 OLD SCHOOL CLOSE has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The November 2016 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OLD SCHOOL CLOSE has not materially changed since November 2016.

How Large is 2 OLD SCHOOL CLOSE?

2 OLD SCHOOL CLOSE is 55m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 20% of semi-detached houses houses in Ingoldmells, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Ingoldmells, and where 2 OLD SCHOOL CLOSE lies on this distribution: 11% of semi-detached houses houses are smaller than 2 OLD SCHOOL CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

2 OLD SCHOOL CLOSE: Plot and Title Map

2 OLD SCHOOL CLOSE sits on a plot of roughly 0.052 of an acre, or 209m². The below map shows the location of 2 OLD SCHOOL 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 2 OLD SCHOOL 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 2 OLD SCHOOL CLOSE?

2 OLD SCHOOL CLOSE is located in INGOLDMELLS, in the PE25 postcode district. The below map shows the position of No. 2 on OLD SCHOOL CLOSE.