48, MAYFIELD GROVE, SKEGNESS, PE25 3RY - £126,950

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

48 MAYFIELD GROVE is a very small detached house of 50m², built sometime between 1930 and 1949. It was last sold for £126,950 in October 2018, which was around 42% below the average October 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2009, where the current energy rating was C, and the potential energy rating was C.

48 MAYFIELD GROVE Sold Prices

Land registry data shows five sales for 48 MAYFIELD GROVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the five 48 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
2018 16 OCT	£126,950	£218,755	42% below HPI
2014 10 OCT	£105,000	£178,623	41% below HPI
2011 20 JUN	£95,000	£164,399	42% below HPI
2007 30 NOV	£124,000	£188,186	34% below HPI
1997 25 JUL	£40,750	£60,466	33% below HPI

48 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 five 48 MAYFIELD GROVE sales between July 1997 and October 2018 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 October 2014 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the October 2018 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 48 MAYFIELD GROVE?

48 MAYFIELD GROVE is 50m² according to the EPC inspection conducted in July 2009. 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 48 MAYFIELD GROVE lies on this distribution: 1% of detached houses are smaller than 48 MAYFIELD GROVE, and 99% of houses are larger. Note that EPC data is not available for all properties in Skegness.

48 MAYFIELD GROVE: Plot and Title Map

48 MAYFIELD GROVE sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 48 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 48 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 48 MAYFIELD GROVE?

48 MAYFIELD GROVE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 48 on MAYFIELD GROVE.