38, IDA ROAD, SKEGNESS, PE25 2AU - £195,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

38 IDA ROAD is a very large detached house of 159m², built sometime between 1930 and 1949, which could now be worth an estimated £253,793. It was last sold for £195,000 in January 2020, which was around 11% below the average January 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was C.

38 IDA ROAD Sold Prices

Land registry data shows four sales for 38 IDA ROAD 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. Most of the four 38 IDA 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
2020 14 JAN	£195,000	£218,888	11% below HPI
2019 16 SEP	£160,000	£224,683	29% below HPI
2017 28 NOV	£217,000	£210,451	3% above HPI
2002 23 OCT	£96,500	£116,353	17% below HPI

38 IDA 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 four 38 IDA ROAD sales between October 2002 and January 2020 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 2019 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the January 2020 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 38 IDA ROAD be worth now?

38 IDA ROAD might now be worth an estimated £253,793.

This is based on house price inflation of 30.2%, between January 2020 and March 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.2% inflationary increase is applied to the most recent sale price for 38 IDA ROAD of £195,000 on 14th January 2020. For the value to have increased from £195,000 to £253,793 over the four years and ten months to March 2025, the following assumptions must hold true:

• The value of 38 IDA ROAD has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The January 2020 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 38 IDA ROAD has not materially changed since January 2020.

How Large is 38 IDA ROAD?

38 IDA ROAD is 159m² according to the EPC inspection conducted in February 2016. This puts it in the largest 20% of detached houses houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses houses by size in Skegness, and where 38 IDA ROAD lies on this distribution: 89% of detached houses houses are smaller than 38 IDA ROAD, and 11% of houses are larger. Note that EPC data is not available for all properties in Skegness.

38 IDA ROAD: Plot and Title Map

38 IDA ROAD sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of 38 IDA 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 38 IDA 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 38 IDA ROAD?

38 IDA ROAD is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 38 on IDA ROAD.