CRANLEIGH, LANGHAM ROAD, HOGSTHORPE, SKEGNESS, PE24 5QD - £275,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

CRANLEIGH is a large detached house of 114m², built sometime between 1967 and 1975. It was last sold for £275,000 in August 2022, which was about the average August 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2022, where the current energy rating was E, and the potential energy rating was C.

CRANLEIGH Sold Prices

Land registry data shows two sales for CRANLEIGH 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. One of the two CRANLEIGH sales was roughly equal to the average price, whilst the other was 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
2022 5 AUG	£275,000	£275,687	Close to HPI
2002 4 OCT	£120,000	£114,682	5% above HPI

CRANLEIGH 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 CRANLEIGH sales from October 2002 and August 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 2002 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the August 2022 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is CRANLEIGH?

CRANLEIGH is 114m² according to the EPC inspection conducted in April 2022. This puts it in the largest 30% of detached houses in Hogsthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Hogsthorpe, and where CRANLEIGH lies on this distribution: 76% of detached houses are smaller than CRANLEIGH, and 24% of houses are larger. Note that EPC data is not available for all properties in Hogsthorpe.

CRANLEIGH: Plot and Title Map

CRANLEIGH sits on a plot of roughly 0.255 of an acre, or 1,033m². The below map shows the location of CRANLEIGH, 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 CRANLEIGH). 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 CRANLEIGH?

CRANLEIGH is located on LANGHAM ROAD in HOGSTHORPE, in the PE24 postcode district. The below map shows the position of CRANLEIGH on LANGHAM ROAD.