ELGRANDEE, BURGH ROAD, ORBY, SKEGNESS, PE24 5HR - £240,000

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

ELGRANDEE is a small detached house of 97m², built sometime between 1976 and 1982, which could now be worth an estimated £249,525. It was last sold for £240,000 in June 2023, which was around 12% below the average June 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2024, where the current energy rating was E, and the potential energy rating was A.

ELGRANDEE Sold Prices

Land registry data shows two sales for ELGRANDEE 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 ELGRANDEE 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
2023 15 JUN	£240,000	£274,017	12% below HPI
2004 30 JUL	£139,950	£163,270	14% below HPI

ELGRANDEE 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 ELGRANDEE sales from July 2004 and June 2023 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 July 2004 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the June 2023 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might ELGRANDEE be worth now?

ELGRANDEE might now be worth an estimated £249,525.

This is based on house price inflation of 4%, between June 2023 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 4% inflationary increase is applied to the most recent sale price for ELGRANDEE of £240,000 on 15th June 2023. For the value to have increased from £240,000 to £249,525 over the six months to December 2024, the following assumptions must hold true:

• The value of ELGRANDEE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The June 2023 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of ELGRANDEE has not materially changed since June 2023.

How Large is ELGRANDEE?

ELGRANDEE is 97m² according to the EPC inspection conducted in July 2024. This puts it in the smallest 30% 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 ELGRANDEE lies on this distribution: 26% of detached houses houses are smaller than ELGRANDEE, and 71% of houses are larger. Note that EPC data is not available for all properties in Orby.

ELGRANDEE: Plot and Title Map

ELGRANDEE sits on a plot of roughly 0.155 of an acre, or 626m². The below map shows the location of ELGRANDEE, 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 ELGRANDEE). 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 ELGRANDEE?

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