6, MERRILLS WAY, INGOLDMELLS, SKEGNESS, PE25 1JN - £230,000

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

6 MERRILLS WAY is a large detached house of 84m², built sometime between 2003 and 2006. It was last sold for £230,000 in March 2017, which was around 13% above the average March 2017 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2016, where the current energy rating was C, and the potential energy rating was B.

6 MERRILLS WAY Sold Prices

Land registry data shows two sales for 6 MERRILLS WAY 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 6 MERRILLS WAY sales were for above 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
2017 7 MAR	£230,000	£203,019	13% above HPI
2007 29 JUN	£201,500	£187,546	7% above HPI

6 MERRILLS WAY 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 6 MERRILLS WAY sales from June 2007 and March 2017 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 June 2007 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the March 2017 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 6 MERRILLS WAY?

6 MERRILLS WAY is 84m² according to the EPC inspection conducted in October 2016. This puts it in the largest 30% of detached houses in Ingoldmells, based on EPC data. The below chart shows the distribution of detached houses by size in Ingoldmells, and where 6 MERRILLS WAY lies on this distribution: 73% of detached houses are smaller than 6 MERRILLS WAY, and 26% of houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

6 MERRILLS WAY: Plot and Title Map

6 MERRILLS WAY sits on a plot of roughly 0.124 of an acre, or 500m². The below map shows the location of 6 MERRILLS WAY, 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 6 MERRILLS WAY). 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 6 MERRILLS WAY?

6 MERRILLS WAY is located in INGOLDMELLS, in the PE25 postcode district. The below map shows the position of No. 6 on MERRILLS WAY.