318, DRUMMOND ROAD, SKEGNESS, PE25 3AY - £375,000

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

318 DRUMMOND ROAD is a very large extended detached house of 232m², built sometime between 1976 and 1982. It was last sold for £375,000 in August 2021, which was around 54% above the average August 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was December 2022, where the current energy rating was C, and the potential energy rating was C.

318 DRUMMOND ROAD Sold Prices

Land registry data shows two sales for 318 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 318 DRUMMOND 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
2021 13 AUG	£375,000	£243,899	54% above HPI
2021 23 FEB	£370,000	£232,837	59% above HPI

318 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 318 DRUMMOND ROAD sales from February 2021 and August 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 February 2021 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the August 2021 sale, where it falls to 54% above the HPI. The line then continues to track at 54% above the HPI.

How Large is 318 DRUMMOND ROAD?

318 DRUMMOND ROAD is 232m², which includes three extensions, according to the EPC inspection conducted in December 2022. 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 318 DRUMMOND ROAD lies on this distribution: 97% of detached houses are smaller than 318 DRUMMOND ROAD, and 3% of houses are larger. Note that EPC data is not available for all properties in Skegness.

318 DRUMMOND ROAD: Plot and Title Map

318 DRUMMOND ROAD sits on a plot of roughly 0.157 of an acre, or 634m². The below map shows the location of 318 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 318 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 318 DRUMMOND ROAD?

318 DRUMMOND ROAD is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 318 on DRUMMOND ROAD.