80, RICHMOND DRIVE, SKEGNESS, PE25 3SF - £221,500

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

80 RICHMOND DRIVE is a small detached house of 75m², built sometime between 1996 and 2002. It was last sold for £221,500 in October 2022, which was around 21% below the average October 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

80 RICHMOND DRIVE Sold Prices

Land registry data shows three sales for 80 RICHMOND DRIVE 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 80 RICHMOND DRIVE 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
2022 7 OCT	£221,500	£279,885	21% below HPI
2009 20 OCT	£132,500	£165,414	20% below HPI
1997 31 JUL	£55,000	£60,466	9% below HPI

80 RICHMOND DRIVE 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 80 RICHMOND DRIVE sales between July 1997 and October 2022 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 October 2009 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the October 2022 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 80 RICHMOND DRIVE?

80 RICHMOND DRIVE is 75m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 30% of detached houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses by size in Skegness, and where 80 RICHMOND DRIVE lies on this distribution: 26% of detached houses are smaller than 80 RICHMOND DRIVE, and 73% of houses are larger. Note that EPC data is not available for all properties in Skegness.

80 RICHMOND DRIVE: Plot and Title Map

80 RICHMOND DRIVE sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 80 RICHMOND DRIVE, 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 80 RICHMOND DRIVE). 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 80 RICHMOND DRIVE?

80 RICHMOND DRIVE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 80 on RICHMOND DRIVE.