4, THE DRIVE, SKEGNESS, PE25 1RF - £165,000

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.

4 THE DRIVE is a very small semi-detached house of 64m², built sometime between 1950 and 1966, which could now be worth an estimated £171,507. It was last sold for £165,000 in May 2024, which was around 11% below the average May 2024 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2024, where the current energy rating was C, and the potential energy rating was B.

4 THE DRIVE Sold Prices

Land registry data shows three sales for 4 THE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. All of the three 4 THE 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
2024 3 MAY	£165,000	£185,623	11% below HPI
2012 30 MAR	£90,000	£107,445	16% below HPI
2003 28 MAY	£75,000	£82,576	9% below HPI

4 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Lindsey local authority area over time, sourced from the HPI. The three 4 THE DRIVE sales between May 2003 and May 2024 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 March 2012 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the May 2024 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 4 THE DRIVE be worth now?

4 THE DRIVE might now be worth an estimated £171,507.

This is based on house price inflation of 3.9%, between May 2024 and February 2025, for semi-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 3.9% inflationary increase is applied to the most recent sale price for 4 THE DRIVE of £165,000 on 3rd May 2024. For the value to have increased from £165,000 to £171,507 over the one year and three months to February 2025, the following assumptions must hold true:

• The value of 4 THE DRIVE has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The May 2024 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 4 THE DRIVE has not materially changed since May 2024.

How Large is 4 THE DRIVE?

4 THE DRIVE is 64m² according to the EPC inspection conducted in March 2024. This puts it in the smallest 20% of semi-detached houses houses in Skegness, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Skegness, and where 4 THE DRIVE lies on this distribution: 10% of semi-detached houses houses are smaller than 4 THE DRIVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Skegness.

4 THE DRIVE: Plot and Title Map

4 THE DRIVE sits on a plot of roughly 0.047 of an acre, or 190m². The below map shows the location of 4 THE 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 4 THE 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 4 THE DRIVE?

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