224, DRUMMOND ROAD, SKEGNESS, PE25 3DA - £225,000

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

224 DRUMMOND ROAD is a large detached house of 120m², built sometime between 1930 and 1949. It was last sold for £225,000 in December 2021, which was around 14% below the average December 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was C.

224 DRUMMOND ROAD Sold Prices

Land registry data shows two sales for 224 DRUMMOND 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 224 DRUMMOND ROAD 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 DEC	£225,000	£260,179	14% below HPI
2017 4 SEP	£163,000	£210,398	23% below HPI

224 DRUMMOND 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 224 DRUMMOND ROAD sales from September 2017 and December 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 September 2017 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the December 2021 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 224 DRUMMOND ROAD?

224 DRUMMOND ROAD is 120m² according to the EPC inspection conducted in March 2017. This puts it in the largest 30% of detached houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses by size in Skegness, and where 224 DRUMMOND ROAD lies on this distribution: 70% of detached houses are smaller than 224 DRUMMOND ROAD, and 30% of houses are larger. Note that EPC data is not available for all properties in Skegness.

224 DRUMMOND ROAD: Plot and Title Map

224 DRUMMOND ROAD sits on a plot of roughly 0.053 of an acre, or 216m². The below map shows the location of 224 DRUMMOND 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 224 DRUMMOND 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 224 DRUMMOND ROAD?

224 DRUMMOND ROAD is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 224 on DRUMMOND ROAD.