8, MAGDALEN ROAD, WAINFLEET, SKEGNESS, PE24 4DE - £120,000

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.

8 MAGDALEN ROAD is a small detached house of 69m², built sometime between 1983 and 1990, which could now be worth an estimated £144,769. It was last sold for £120,000 in April 2021, which was around 49% below the average April 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2022, where the current energy rating was F, and the potential energy rating was E.

8 MAGDALEN ROAD Sold Prices

Land registry data shows two sales for 8 MAGDALEN ROAD 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 8 MAGDALEN ROAD 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
2021 13 APR	£120,000	£236,141	49% below HPI
2010 17 AUG	£122,500	£173,406	29% below HPI

8 MAGDALEN ROAD 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 8 MAGDALEN ROAD sales from August 2010 and April 2021 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 2010 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the April 2021 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

What might 8 MAGDALEN ROAD be worth now?

8 MAGDALEN ROAD might now be worth an estimated £144,769.

This is based on house price inflation of 20.6%, between April 2021 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 20.6% inflationary increase is applied to the most recent sale price for 8 MAGDALEN ROAD of £120,000 on 13th April 2021. For the value to have increased from £120,000 to £144,769 over the four years and one month to March 2025, the following assumptions must hold true:

• The value of 8 MAGDALEN ROAD has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The April 2021 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MAGDALEN ROAD has not materially changed since April 2021.

How Large is 8 MAGDALEN ROAD?

8 MAGDALEN ROAD is 69m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 30% of detached houses houses in Wainfleet All Saints, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wainfleet All Saints, and where 8 MAGDALEN ROAD lies on this distribution: 20% of detached houses houses are smaller than 8 MAGDALEN ROAD, and 79% of houses are larger. Note that EPC data is not available for all properties in Wainfleet All Saints.

8 MAGDALEN ROAD: Plot and Title Map

8 MAGDALEN ROAD sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 8 MAGDALEN ROAD, 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 8 MAGDALEN ROAD). 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 8 MAGDALEN ROAD?

8 MAGDALEN ROAD is located in WAINFLEET, in the PE24 postcode district. The below map shows the position of No. 8 on MAGDALEN ROAD.