2, THE NEEDLES, SKEGNESS, PE25 1EQ - £167,500

2 THE NEEDLES is a very small detached house of 66m², built sometime between 1967 and 1975. It was last sold for £167,500 in July 2015, which was around 8% below the average July 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2014, where the current energy rating was C, and the potential energy rating was B.

2 THE NEEDLES Sold Prices

Land registry data shows two sales for 2 THE NEEDLES 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 THE NEEDLES 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
2015 31 JUL	£167,500	£181,933	8% below HPI
1996 6 DEC	£45,700	£58,189	21% below HPI

2 THE NEEDLES 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 THE NEEDLES sales from December 1996 and July 2015 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 December 1996 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the July 2015 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 2 THE NEEDLES?

2 THE NEEDLES is 66m² according to the EPC inspection conducted in November 2014. 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 THE NEEDLES lies on this distribution: 13% of detached houses are smaller than 2 THE NEEDLES, and 85% of houses are larger. Note that EPC data is not available for all properties in Skegness.

2 THE NEEDLES: Plot and Title Map

2 THE NEEDLES sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 2 THE NEEDLES, 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 THE NEEDLES). 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 THE NEEDLES?

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