24, OAK CLOSE, INGOLDMELLS, SKEGNESS, PE25 1QQ - £213,000

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

24 OAK CLOSE is a midsized detached house of 69m², built sometime between 1991 and 1995. It was last sold for £213,000 in February 2024, which was around 20% below the average February 2024 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

24 OAK CLOSE Sold Prices

Land registry data shows three sales for 24 OAK CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three 24 OAK CLOSE 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
2024 9 FEB	£213,000	£267,411	20% below HPI
2021 5 MAR	£142,000	£233,062	39% below HPI
1998 27 NOV	£59,995	£67,291	11% below HPI

24 OAK CLOSE 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 three 24 OAK CLOSE sales between November 1998 and February 2024 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 March 2021 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the February 2024 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 24 OAK CLOSE?

24 OAK CLOSE is 69m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 50% of detached houses in Ingoldmells, based on EPC data. The below chart shows the distribution of detached houses by size in Ingoldmells, and where 24 OAK CLOSE lies on this distribution: 42% of detached houses are smaller than 24 OAK CLOSE, and 57% of houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

24 OAK CLOSE: Plot and Title Map

24 OAK CLOSE sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 24 OAK CLOSE, 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 24 OAK CLOSE). 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 24 OAK CLOSE?

24 OAK CLOSE is located in INGOLDMELLS, in the PE25 postcode district. The below map shows the position of No. 24 on OAK CLOSE.