CRAIGLEA, GUNBY ROAD, ORBY, SKEGNESS, PE24 5HT - £225,000

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

CRAIGLEA is a very small detached house of 76m², built sometime between 1967 and 1975. It was last sold for £225,000 in June 2021, which was around 7% below the average June 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2017, where the current energy rating was F, and the potential energy rating was D.

CRAIGLEA Sold Prices

Land registry data shows three sales for CRAIGLEA 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 CRAIGLEA 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
2021 30 JUN	£225,000	£241,941	7% below HPI
2018 24 MAY	£163,000	£212,070	23% below HPI
2016 15 JAN	£120,000	£191,769	37% below HPI

CRAIGLEA 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 CRAIGLEA sales between January 2016 and June 2021 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 2018 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the June 2021 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might CRAIGLEA be worth now?

CRAIGLEA might now be worth an estimated £264,944.

This is based on house price inflation of 17.8%, between June 2021 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 17.8% inflationary increase is applied to the most recent sale price for CRAIGLEA of £225,000 on 30th June 2021. For the value to have increased from £225,000 to £264,944 over the two years and six months to December 2024, the following assumptions must hold true:

• The value of CRAIGLEA has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The June 2021 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of CRAIGLEA has not materially changed since June 2021.

How Large is CRAIGLEA?

CRAIGLEA is 76m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 20% of detached houses houses in Orby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Orby, and where CRAIGLEA lies on this distribution: 14% of detached houses houses are smaller than CRAIGLEA, and 86% of houses are larger. Note that EPC data is not available for all properties in Orby.

CRAIGLEA: Plot and Title Map

CRAIGLEA sits on a plot of roughly 0.105 of an acre, or 425m². The below map shows the location of CRAIGLEA, 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 CRAIGLEA). 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 CRAIGLEA?

CRAIGLEA is located on GUNBY ROAD in ORBY, in the PE24 postcode district. The below map shows the position of CRAIGLEA on GUNBY ROAD.