2, REVESBY DRIVE, SKEGNESS, PE25 2HT - £180,000

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.

2 REVESBY DRIVE is a small extended detached house of 76m², built sometime between 1967 and 1975, which could now be worth an estimated £217,072. It was last sold for £180,000 in February 2021, which was around 24% below the average February 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was B.

2 REVESBY DRIVE Sold Prices

Land registry data shows two sales for 2 REVESBY 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 REVESBY 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
2021 22 FEB	£180,000	£236,230	24% below HPI
1998 26 NOV	£59,000	£68,272	14% below HPI

2 REVESBY 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 REVESBY DRIVE sales from November 1998 and February 2021 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 November 1998 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the February 2021 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 2 REVESBY DRIVE be worth now?

2 REVESBY DRIVE might now be worth an estimated £217,072.

This is based on house price inflation of 20.6%, between February 2021 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 20.6% inflationary increase is applied to the most recent sale price for 2 REVESBY DRIVE of £180,000 on 22nd February 2021. For the value to have increased from £180,000 to £217,072 over the three years and eleven months to March 2025, the following assumptions must hold true:

• The value of 2 REVESBY DRIVE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The February 2021 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 2 REVESBY DRIVE has not materially changed since February 2021.

How Large is 2 REVESBY DRIVE?

2 REVESBY DRIVE is 76m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the smallest 30% of detached houses houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses houses by size in Skegness, and where 2 REVESBY DRIVE lies on this distribution: 27% of detached houses houses are smaller than 2 REVESBY DRIVE, and 72% of houses are larger. Note that EPC data is not available for all properties in Skegness.

2 REVESBY DRIVE: Plot and Title Map

2 REVESBY DRIVE sits on a plot of roughly 0.098 of an acre, or 398m². The below map shows the location of 2 REVESBY 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 REVESBY 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 REVESBY DRIVE?

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