CANDLES RESTAURANT, QUEENSWAY, INGOLDMELLS, SKEGNESS, PE25 1NT - £125,000

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

CANDLES RESTAURANT is a very large extended detached house of 90m², built sometime between 1900 and 1929. It was last sold for £125,000 in July 2005, which was around 26% below the average July 2005 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was C.

CANDLES RESTAURANT Sold Prices

Land registry data shows three sales for CANDLES RESTAURANT 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 CANDLES RESTAURANT 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
2005 15 JUL	£125,000	£167,827	26% below HPI
2002 5 SEP	£77,500	£111,186	30% below HPI
2002 16 APR	£76,000	£97,792	22% below HPI

CANDLES RESTAURANT 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 CANDLES RESTAURANT sales between April 2002 and July 2005 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 September 2002 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the July 2005 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is CANDLES RESTAURANT?

CANDLES RESTAURANT is 90m², which includes two extensions, according to the EPC inspection conducted in August 2016. This puts it in the largest 20% of detached houses in Ingoldmells, based on EPC data. The below chart shows the distribution of detached houses by size in Ingoldmells, and where CANDLES RESTAURANT lies on this distribution: 80% of detached houses are smaller than CANDLES RESTAURANT, and 20% of houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

CANDLES RESTAURANT: Plot and Title Map

CANDLES RESTAURANT sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of CANDLES RESTAURANT, 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 CANDLES RESTAURANT). 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 CANDLES RESTAURANT?

CANDLES RESTAURANT is located on QUEENSWAY in INGOLDMELLS, in the PE25 postcode district. The below map shows the position of CANDLES RESTAURANT on QUEENSWAY.