4, RONALD CLOSE, SKEGNESS, PE25 2DE - £115,000

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 RONALD CLOSE is a very small extended detached house of 66m², built sometime between 1991 and 1995. It was last sold for £115,000 in August 2007, which was around 40% below the average August 2007 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2021, where the current energy rating was F, and the potential energy rating was D.

4 RONALD CLOSE Sold Prices

Land registry data shows three sales for 4 RONALD 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 4 RONALD 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
2007 16 AUG	£115,000	£192,296	40% below HPI
2003 12 MAY	£85,500	£127,898	33% below HPI
1998 22 MAY	£40,000	£60,945	34% below HPI

4 RONALD 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 4 RONALD CLOSE sales between May 1998 and August 2007 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 May 2003 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the August 2007 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 4 RONALD CLOSE?

4 RONALD CLOSE is 66m², which includes one extension, according to the EPC inspection conducted in November 2021. This puts it in the smallest 20% of detached houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses by size in Skegness, and where 4 RONALD CLOSE lies on this distribution: 13% of detached houses are smaller than 4 RONALD CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Skegness.

4 RONALD CLOSE: Plot and Title Map

4 RONALD CLOSE sits on a plot of roughly 0.040 of an acre, or 161m². The below map shows the location of 4 RONALD 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 4 RONALD 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 4 RONALD CLOSE?

4 RONALD CLOSE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 4 on RONALD CLOSE.