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

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.

48 MAYFIELD GROVE is a very small detached house of 50m², built sometime between 1930 and 1949, which could now be worth an estimated £162,952. It was last sold for £126,950 in October 2018, which was around 43% 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	£221,942	43% below HPI
2014 10 OCT	£105,000	£181,226	42% below HPI
2011 20 JUN	£95,000	£166,794	43% below HPI
2007 30 NOV	£124,000	£190,928	35% below HPI
1997 25 JUL	£40,750	£61,347	34% 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 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the October 2018 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 48 MAYFIELD GROVE be worth now?

48 MAYFIELD GROVE might now be worth an estimated £162,952.

This is based on house price inflation of 28.4%, between October 2018 and March 2025, for 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 28.4% inflationary increase is applied to the most recent sale price for 48 MAYFIELD GROVE of £126,950 on 16th October 2018. For the value to have increased from £126,950 to £162,952 over the seven years and seven months to March 2025, the following assumptions must hold true:

• The value of 48 MAYFIELD GROVE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The October 2018 sale price of £126,950 represented a fair market value for the property.
• The size, condition, and specification of 48 MAYFIELD GROVE has not materially changed since October 2018.

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 houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses houses by size in Skegness, and where 48 MAYFIELD GROVE lies on this distribution: 1% of detached houses 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.