9, DRAKE ROAD, SKEGNESS, PE25 3BH - £287,000

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.

9 DRAKE ROAD is a very large extended detached house of 240m², built sometime between 1900 and 1929, which could now be worth an estimated £421,917. It was last sold for £287,000 in May 2016, which was around 47% above the average May 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was C.

9 DRAKE ROAD Sold Prices

Land registry data shows two sales for 9 DRAKE 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 9 DRAKE ROAD 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
2016 23 MAY	£287,000	£194,717	47% above HPI
1997 17 MAY	£90,000	£60,282	49% above HPI

9 DRAKE 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 9 DRAKE ROAD sales from May 1997 and May 2016 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 May 1997 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the May 2016 sale, where it falls to 47% above the HPI. The line then continues to track at 47% above the HPI.

What might 9 DRAKE ROAD be worth now?

9 DRAKE ROAD might now be worth an estimated £421,917.

This is based on house price inflation of 47%, between May 2016 and February 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 47% inflationary increase is applied to the most recent sale price for 9 DRAKE ROAD of £287,000 on 23rd May 2016. For the value to have increased from £287,000 to £421,917 over the nine years and three months to February 2025, the following assumptions must hold true:

• The value of 9 DRAKE ROAD has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The May 2016 sale price of £287,000 represented a fair market value for the property.
• The size, condition, and specification of 9 DRAKE ROAD has not materially changed since May 2016.

How Large is 9 DRAKE ROAD?

9 DRAKE ROAD is 240m², which includes three extensions, according to the EPC inspection conducted in March 2019. This puts it in the largest 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 9 DRAKE ROAD lies on this distribution: 97% of detached houses houses are smaller than 9 DRAKE ROAD, and 2% of houses are larger. Note that EPC data is not available for all properties in Skegness.

9 DRAKE ROAD: Plot and Title Map

9 DRAKE ROAD sits on a plot of roughly 0.207 of an acre, or 836m². The below map shows the location of 9 DRAKE 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 9 DRAKE 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 9 DRAKE ROAD?

9 DRAKE ROAD is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 9 on DRAKE ROAD.