22, REVESBY DRIVE, SKEGNESS, PE25 2HT - £185,000

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

22 REVESBY DRIVE is a very small extended detached house of 64m², built sometime between 1967 and 1975. It was last sold for £185,000 in September 2021, which was around 25% below the average September 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2021, where the current energy rating was D, and the potential energy rating was B.

22 REVESBY DRIVE Sold Prices

Land registry data shows two sales for 22 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 22 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 17 SEP	£185,000	£245,698	25% below HPI
2005 17 AUG	£124,000	£168,117	26% below HPI

22 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 22 REVESBY DRIVE sales from August 2005 and September 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 August 2005 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the September 2021 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 22 REVESBY DRIVE?

22 REVESBY DRIVE is 64m², which includes one extension, according to the EPC inspection conducted in January 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 22 REVESBY DRIVE lies on this distribution: 10% of detached houses are smaller than 22 REVESBY DRIVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Skegness.

22 REVESBY DRIVE: Plot and Title Map

22 REVESBY DRIVE sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 22 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 22 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 22 REVESBY DRIVE?

22 REVESBY DRIVE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 22 on REVESBY DRIVE.