9, THE DRIVE, SKEGNESS, PE25 1RF - £137,000

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

9 THE DRIVE is a small detached house of 77m², built sometime between 1950 and 1966, which could now be worth an estimated £234,526. It was last sold for £137,000 in July 2013, which was around 18% below the average July 2013 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2012, where the current energy rating was E, and the potential energy rating was B.

9 THE DRIVE Sold Prices

Land registry data shows three sales for 9 THE 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 9 THE 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
2013 26 JUL	£137,000	£166,422	18% below HPI
2001 15 JAN	£69,500	£78,556	12% below HPI
1996 16 AUG	£50,000	£58,639	15% below HPI

9 THE 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 9 THE DRIVE sales between August 1996 and July 2013 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 January 2001 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the July 2013 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 9 THE DRIVE be worth now?

9 THE DRIVE might now be worth an estimated £234,526.

This is based on house price inflation of 71.2%, between July 2013 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 71.2% inflationary increase is applied to the most recent sale price for 9 THE DRIVE of £137,000 on 26th July 2013. For the value to have increased from £137,000 to £234,526 over the ten years and seven months to December 2024, the following assumptions must hold true:

• The value of 9 THE DRIVE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The July 2013 sale price of £137,000 represented a fair market value for the property.
• The size, condition, and specification of 9 THE DRIVE has not materially changed since July 2013.

How Large is 9 THE DRIVE?

9 THE DRIVE is 77m² according to the EPC inspection conducted in June 2012. This puts it in the smallest 30% 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 THE DRIVE lies on this distribution: 29% of detached houses houses are smaller than 9 THE DRIVE, and 70% of houses are larger. Note that EPC data is not available for all properties in Skegness.

9 THE DRIVE: Plot and Title Map

9 THE DRIVE sits on a plot of roughly 0.090 of an acre, or 366m². The below map shows the location of 9 THE 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 9 THE 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 9 THE DRIVE?

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