5, LYNN WELL CLOSE, SKEGNESS, PE25 1DS - £188,000

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.

5 LYNN WELL CLOSE is a very small detached house of 67m², built sometime between 1983 and 1990, which could now be worth an estimated £186,455. It was last sold for £188,000 in December 2024, which was around 35% below the average December 2024 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 four sales for 5 LYNN WELL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four 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
2024 18 DEC	£188,000	£287,243	35% below HPI
2006 3 AUG	£149,995	£179,551	16% below HPI
2005 1 MAR	£148,000	£165,413	11% below HPI
1998 17 DEC	£54,950	£67,466	19% 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 four 5 LYNN WELL CLOSE sales between December 1998 and December 2024 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 2006 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the December 2024 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 5 LYNN WELL CLOSE be worth now?

5 LYNN WELL CLOSE might now be worth an estimated £186,455.

This is based on house price deflation of 0.8%, between December 2024 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 0.8% deflationary decrease is applied to the most recent sale price for 5 LYNN WELL CLOSE of £188,000 on 18th December 2024. For the value to have decreased from £188,000 to £186,455 over the one year and nine months to March 2025, the following assumptions must hold true:

• The value of 5 LYNN WELL CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The December 2024 sale price of £188,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LYNN WELL CLOSE has not materially changed since December 2024.

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 houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses houses by size in Skegness, and where 5 LYNN WELL CLOSE lies on this distribution: 15% of detached houses 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.