5, LYNN WELL CLOSE, SKEGNESS, PE25 1DS - £149,995

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 LYNN WELL CLOSE is a very small detached house of 67m², built sometime between 1983 and 1990. It was last sold for £149,995 in August 2006, which was around 15% below the average August 2006 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2024, where the current energy rating was D, and the potential energy rating was B.

5 LYNN WELL CLOSE Sold Prices

Land registry data shows three sales for 5 LYNN WELL CLOSE 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 5 LYNN WELL CLOSE 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
2006 3 AUG	£149,995	£176,973	15% below HPI
2005 1 MAR	£148,000	£163,038	9% below HPI
1998 17 DEC	£54,950	£66,497	17% below HPI

5 LYNN WELL CLOSE 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 5 LYNN WELL CLOSE sales between December 1998 and August 2006 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 2005 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the August 2006 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 5 LYNN WELL CLOSE?

5 LYNN WELL CLOSE is 67m² according to the EPC inspection conducted in July 2024. This puts it in the smallest 20% of detached houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses by size in Skegness, and where 5 LYNN WELL CLOSE lies on this distribution: 15% of detached houses are smaller than 5 LYNN WELL CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Skegness.

5 LYNN WELL CLOSE: Plot and Title Map

5 LYNN WELL CLOSE sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 5 LYNN WELL CLOSE, 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 5 LYNN WELL CLOSE). 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 5 LYNN WELL CLOSE?

5 LYNN WELL CLOSE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 5 on LYNN WELL CLOSE.