MAGADI, SEA ROAD, ANDERBY, SKEGNESS, PE24 5YD - £312,000

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

MAGADI is a midsized extended detached house of 119m², built sometime between 1967 and 1975. It was last sold for £312,000 in January 2021, which was around 32% above the average January 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2016, where the current energy rating was E, and the potential energy rating was D.

MAGADI Sold Prices

Land registry data shows three sales for MAGADI 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 MAGADI sales were 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
2021 28 JAN	£312,000	£236,135	32% above HPI
2017 15 FEB	£260,000	£199,326	30% above HPI
2002 7 JUN	£135,000	£99,395	36% above HPI

MAGADI 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 MAGADI sales between June 2002 and January 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 February 2017 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the January 2021 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is MAGADI?

MAGADI is 119m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the smallest 50% of detached houses in Anderby, based on EPC data. The below chart shows the distribution of detached houses by size in Anderby, and where MAGADI lies on this distribution: 42% of detached houses are smaller than MAGADI, and 58% of houses are larger. Note that EPC data is not available for all properties in Anderby.

MAGADI: Plot and Title Map

MAGADI sits on a plot of roughly 0.292 of an acre, or 1,182m². The below map shows the location of MAGADI, 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 MAGADI). 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 MAGADI?

MAGADI is located on SEA ROAD in ANDERBY, in the PE24 postcode district. The below map shows the position of MAGADI on SEA ROAD.