20, DRAKE ROAD, SKEGNESS, PE25 3BH - £260,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

20 DRAKE ROAD is a very large extended detached house of 177m², built sometime between 1930 and 1949. It was last sold for £260,000 in March 2016, which was around 40% above the average March 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was C.

20 DRAKE ROAD Sold Prices

Land registry data shows two sales for 20 DRAKE ROAD 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 20 DRAKE ROAD sales were for above 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 24 MAR	£260,000	£186,100	40% above HPI
2002 18 SEP	£210,000	£111,186	89% above HPI

20 DRAKE ROAD 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 20 DRAKE ROAD sales from September 2002 and March 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 September 2002 sale was for 89% above the HPI. So the extrapolation line tracks at 89% above the HPI over time, until the March 2016 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is 20 DRAKE ROAD?

20 DRAKE ROAD is 177m², which includes two extensions, according to the EPC inspection conducted in April 2016. This puts it in the largest 10% of detached houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses by size in Skegness, and where 20 DRAKE ROAD lies on this distribution: 93% of detached houses are smaller than 20 DRAKE ROAD, and 7% of houses are larger. Note that EPC data is not available for all properties in Skegness.

20 DRAKE ROAD: Plot and Title Map

20 DRAKE ROAD sits on a plot of roughly 0.294 of an acre, or 1,189m². The below map shows the location of 20 DRAKE ROAD, 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 20 DRAKE ROAD). 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 20 DRAKE ROAD?

20 DRAKE ROAD is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 20 on DRAKE ROAD.