LUMEX, HIGH STREET, INGOLDMELLS, SKEGNESS, PE25 1PT - £154,000

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

LUMEX is a very large extended detached house of 121m², built sometime between 1950 and 1966. It was last sold for £154,000 in April 2006, which was around 12% below the average April 2006 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2010, where the current energy rating was D, and the potential energy rating was C.

LUMEX Sold Prices

Land registry data shows two sales for LUMEX 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 LUMEX 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
2006 7 APR	£154,000	£174,566	12% below HPI
1998 29 OCT	£57,750	£64,551	11% below HPI

LUMEX 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 LUMEX sales from October 1998 and April 2006 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 1998 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the April 2006 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is LUMEX?

LUMEX is 121m², which includes one extension, according to the EPC inspection conducted in October 2010. This puts it in the largest 10% of detached houses in Ingoldmells, based on EPC data. The below chart shows the distribution of detached houses by size in Ingoldmells, and where LUMEX lies on this distribution: 92% of detached houses are smaller than LUMEX, and 8% of houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

LUMEX: Plot and Title Map

LUMEX sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of LUMEX, 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 LUMEX). 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 LUMEX?

LUMEX is located on HIGH STREET in INGOLDMELLS, in the PE25 postcode district. The below map shows the position of LUMEX on HIGH STREET.