40, MAYFIELD GROVE, SKEGNESS, PE25 3RY - £161,000

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

40 MAYFIELD GROVE is a very small detached house of 62m², built sometime between 1967 and 1975. It was last sold for £161,000 in May 2021, which was around 32% below the average May 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was B.

40 MAYFIELD GROVE Sold Prices

Land registry data shows two sales for 40 MAYFIELD GROVE 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 40 MAYFIELD GROVE 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
2021 14 MAY	£161,000	£235,278	32% below HPI
2002 30 AUG	£82,000	£105,490	22% below HPI

40 MAYFIELD GROVE 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 40 MAYFIELD GROVE sales from August 2002 and May 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 August 2002 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the May 2021 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 40 MAYFIELD GROVE?

40 MAYFIELD GROVE is 62m² according to the EPC inspection conducted in January 2023. This puts it in the smallest 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 40 MAYFIELD GROVE lies on this distribution: 8% of detached houses are smaller than 40 MAYFIELD GROVE, and 91% of houses are larger. Note that EPC data is not available for all properties in Skegness.

40 MAYFIELD GROVE: Plot and Title Map

40 MAYFIELD GROVE sits on a plot of roughly 0.064 of an acre, or 261m². The below map shows the location of 40 MAYFIELD GROVE, 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 40 MAYFIELD GROVE). 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 40 MAYFIELD GROVE?

40 MAYFIELD GROVE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 40 on MAYFIELD GROVE.