8, RANWORTH CLOSE, SKEGNESS, PE25 1EE - £81,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 RANWORTH CLOSE is a very small detached house of 62m², built sometime between 1967 and 1975, which could now be worth an estimated £107,989. It was last sold for £81,000 in June 2018, which was around 62% below the average June 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

8 RANWORTH CLOSE Sold Prices

Land registry data shows two sales for 8 RANWORTH 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 8 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
2018 6 JUN	£81,000	£213,690	62% below HPI
1995 21 FEB	£37,000	£59,921	38% below HPI

8 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 two 8 RANWORTH CLOSE sales from February 1995 and June 2018 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 February 1995 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the June 2018 sale, where it falls to 62% below the HPI. The line then continues to track at 62% below the HPI.

What might 8 RANWORTH CLOSE be worth now?

8 RANWORTH CLOSE might now be worth an estimated £107,989.

This is based on house price inflation of 33.3%, between June 2018 and December 2024, 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 33.3% inflationary increase is applied to the most recent sale price for 8 RANWORTH CLOSE of £81,000 on 6th June 2018. For the value to have increased from £81,000 to £107,989 over the five years and six months to December 2024, the following assumptions must hold true:

• The value of 8 RANWORTH CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The June 2018 sale price of £81,000 represented a fair market value for the property.
• The size, condition, and specification of 8 RANWORTH CLOSE has not materially changed since June 2018.

How Large is 8 RANWORTH CLOSE?

8 RANWORTH CLOSE is 62m² according to the EPC inspection conducted in August 2014. 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 8 RANWORTH CLOSE lies on this distribution: 8% of detached houses houses are smaller than 8 RANWORTH CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Skegness.

8 RANWORTH CLOSE: Plot and Title Map

8 RANWORTH CLOSE sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 8 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 8 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 8 RANWORTH CLOSE?

8 RANWORTH CLOSE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 8 on RANWORTH CLOSE.