7, RANWORTH CLOSE, SKEGNESS, PE25 1EE - £138,000

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

7 RANWORTH CLOSE is a midsized detached house of 85m², built sometime between 1967 and 1975. It was last sold for £138,000 in August 2015, which was around 25% below the average August 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was B.

7 RANWORTH CLOSE Sold Prices

Land registry data shows three sales for 7 RANWORTH 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 7 RANWORTH 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
2015 28 AUG	£138,000	£184,958	25% below HPI
2003 2 SEP	£117,000	£133,978	13% below HPI
1997 6 AUG	£49,000	£61,297	20% below HPI

7 RANWORTH 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 7 RANWORTH CLOSE sales between August 1997 and August 2015 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 September 2003 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the August 2015 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 7 RANWORTH CLOSE?

7 RANWORTH CLOSE is 85m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 50% of detached houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses by size in Skegness, and where 7 RANWORTH CLOSE lies on this distribution: 40% of detached houses are smaller than 7 RANWORTH CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Skegness.

7 RANWORTH CLOSE: Plot and Title Map

7 RANWORTH CLOSE sits on a plot of roughly 0.113 of an acre, or 457m². The below map shows the location of 7 RANWORTH 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 7 RANWORTH 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 7 RANWORTH CLOSE?

7 RANWORTH CLOSE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 7 on RANWORTH CLOSE.