27, REVESBY DRIVE, SKEGNESS, PE25 2HT - £250,000

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

27 REVESBY DRIVE is a very small detached house of 55m², built sometime between 1983 and 1990. It was last sold for £250,000 in May 2023, which was around 8% below the average May 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

27 REVESBY DRIVE Sold Prices

Land registry data shows four sales for 27 REVESBY DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four 27 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
2023 5 MAY	£250,000	£271,486	8% below HPI
2018 2 FEB	£160,000	£208,569	23% below HPI
2011 14 OCT	£125,000	£165,645	25% below HPI
2009 23 JAN	£119,000	£163,801	27% below HPI

27 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 four 27 REVESBY DRIVE sales between January 2009 and May 2023 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 February 2018 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the May 2023 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 27 REVESBY DRIVE?

27 REVESBY DRIVE is 55m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 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 27 REVESBY DRIVE lies on this distribution: 2% of detached houses are smaller than 27 REVESBY DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Skegness.

27 REVESBY DRIVE: Plot and Title Map

27 REVESBY DRIVE sits on a plot of roughly 0.131 of an acre, or 531m². The below map shows the location of 27 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 27 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 27 REVESBY DRIVE?

27 REVESBY DRIVE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 27 on REVESBY DRIVE.