4, MERRILLS WAY, INGOLDMELLS, SKEGNESS, PE25 1JN - £148,000

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

4 MERRILLS WAY is a midsized detached house of 75m², built sometime between 2007 and 2011. It was last sold for £148,000 in November 2014, which was around 17% below the average November 2014 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2024, where the current energy rating was C, and the potential energy rating was B.

4 MERRILLS WAY Sold Prices

Land registry data shows three sales for 4 MERRILLS WAY 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 4 MERRILLS WAY 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
2014 28 NOV	£148,000	£177,608	17% below HPI
2011 7 JAN	£138,000	£162,116	15% below HPI
2006 24 NOV	£164,000	£176,362	7% below HPI

4 MERRILLS WAY 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 4 MERRILLS WAY sales between November 2006 and November 2014 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 January 2011 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the November 2014 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 4 MERRILLS WAY?

4 MERRILLS WAY is 75m² according to the EPC inspection conducted in January 2024. This puts it in the largest 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 4 MERRILLS WAY lies on this distribution: 55% of detached houses are smaller than 4 MERRILLS WAY, and 44% of houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

4 MERRILLS WAY: Plot and Title Map

4 MERRILLS WAY sits on a plot of roughly 0.106 of an acre, or 427m². The below map shows the location of 4 MERRILLS WAY, 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 4 MERRILLS WAY). 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 4 MERRILLS WAY?

4 MERRILLS WAY is located in INGOLDMELLS, in the PE25 postcode district. The below map shows the position of No. 4 on MERRILLS WAY.