2, PORTLAND DRIVE, SKEGNESS, PE25 1HF - £72,000

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

2 PORTLAND DRIVE is a very small detached house of 70m², built sometime between 1976 and 1982. It was last sold for £72,000 in April 2002, which was around 26% below the average April 2002 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was B.

2 PORTLAND DRIVE Sold Prices

Land registry data shows two sales for 2 PORTLAND DRIVE 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 2 PORTLAND 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
2002 26 APR	£72,000	£97,792	26% below HPI
1998 21 OCT	£49,500	£64,551	23% below HPI

2 PORTLAND 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 two 2 PORTLAND DRIVE sales from October 1998 and April 2002 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 October 1998 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the April 2002 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 2 PORTLAND DRIVE?

2 PORTLAND DRIVE is 70m² according to the EPC inspection conducted in July 2021. This puts it in the smallest 20% of detached houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses by size in Skegness, and where 2 PORTLAND DRIVE lies on this distribution: 19% of detached houses are smaller than 2 PORTLAND DRIVE, and 80% of houses are larger. Note that EPC data is not available for all properties in Skegness.

2 PORTLAND DRIVE: Plot and Title Map

2 PORTLAND DRIVE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 2 PORTLAND 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 2 PORTLAND 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 2 PORTLAND DRIVE?

2 PORTLAND DRIVE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 2 on PORTLAND DRIVE.