41, BANK DRIVE, INGOLDMELLS, SKEGNESS, PE25 1LD - £68,000

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

41 BANK DRIVE is a very small detached house of 56m², built sometime between 1950 and 1966. It was last sold for £68,000 in October 2014, which was around 62% below the average October 2014 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2024, where the current energy rating was D, and the potential energy rating was C.

41 BANK DRIVE Sold Prices

Land registry data shows three sales for 41 BANK DRIVE 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 41 BANK 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
2014 30 OCT	£68,000	£178,623	62% below HPI
2006 17 MAR	£95,000	£168,359	44% below HPI
1996 12 JAN	£35,000	£55,926	37% below HPI

41 BANK DRIVE 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 41 BANK DRIVE sales between January 1996 and October 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 March 2006 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the October 2014 sale, where it falls to 62% below the HPI. The line then continues to track at 62% below the HPI.

How Large is 41 BANK DRIVE?

41 BANK DRIVE is 56m² according to the EPC inspection conducted in March 2024. This puts it in the smallest 20% of detached houses in Ingoldmells, based on EPC data. The below chart shows the distribution of detached houses by size in Ingoldmells, and where 41 BANK DRIVE lies on this distribution: 13% of detached houses are smaller than 41 BANK DRIVE, and 86% of houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

41 BANK DRIVE: Plot and Title Map

41 BANK DRIVE sits on a plot of roughly 0.113 of an acre, or 455m². The below map shows the location of 41 BANK 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 41 BANK 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 41 BANK DRIVE?

41 BANK DRIVE is located in INGOLDMELLS, in the PE25 postcode district. The below map shows the position of No. 41 on BANK DRIVE.