5, RONALD CLOSE, SKEGNESS, PE25 2DE - £160,000

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 RONALD CLOSE is a very small detached house of 56m², built sometime between 1991 and 1995, which could now be worth an estimated £157,039. It was last sold for £160,000 in January 2023, which was around 45% below the average January 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2016, where the current energy rating was E, and the potential energy rating was B.

5 RONALD CLOSE Sold Prices

Land registry data shows three sales for 5 RONALD 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 RONALD 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
2023 4 JAN	£160,000	£290,255	45% below HPI
2016 7 OCT	£108,000	£195,672	45% below HPI
1999 6 AUG	£44,500	£68,823	35% below HPI

5 RONALD 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 RONALD CLOSE sales between August 1999 and January 2023 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 2016 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the January 2023 sale, which was also at 45% below the HPI.

What might 5 RONALD CLOSE be worth now?

5 RONALD CLOSE might now be worth an estimated £157,039.

This is based on house price deflation of 1.9%, between January 2023 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 1.9% deflationary decrease is applied to the most recent sale price for 5 RONALD CLOSE of £160,000 on 4th January 2023. For the value to have decreased from £160,000 to £157,039 over the one year and ten months to March 2025, the following assumptions must hold true:

• The value of 5 RONALD CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The January 2023 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 5 RONALD CLOSE has not materially changed since January 2023.

How Large is 5 RONALD CLOSE?

5 RONALD CLOSE is 56m² according to the EPC inspection conducted in July 2016. 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 5 RONALD CLOSE lies on this distribution: 3% of detached houses houses are smaller than 5 RONALD CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Skegness.

5 RONALD CLOSE: Plot and Title Map

5 RONALD CLOSE sits on a plot of roughly 0.040 of an acre, or 161m². The below map shows the location of 5 RONALD 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 RONALD 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 RONALD CLOSE?

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