5, SORBY CLOSE, SKEGNESS, PE25 1RA - £118,000

5 SORBY CLOSE is a small detached house of 79m², built sometime between 1983 and 1990. It was last sold for £118,000 in February 2013, which was around 25% below the average February 2013 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2014, where the current energy rating was C, and the potential energy rating was B.

5 SORBY CLOSE Sold Prices

Land registry data shows two sales for 5 SORBY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 5 SORBY 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
2013 1 FEB	£118,000	£157,348	25% below HPI
2010 9 DEC	£111,000	£165,271	33% below HPI

5 SORBY 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 two 5 SORBY CLOSE sales from December 2010 and February 2013 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 December 2010 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the February 2013 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 5 SORBY CLOSE?

5 SORBY CLOSE is 79m² according to the EPC inspection conducted in November 2014. This puts it in the smallest 40% 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 SORBY CLOSE lies on this distribution: 32% of detached houses are smaller than 5 SORBY CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Skegness.

5 SORBY CLOSE: Plot and Title Map

5 SORBY CLOSE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 5 SORBY 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 SORBY 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 SORBY CLOSE?

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