MEADOW VIEW, CHURCH LANE, CROFT, SKEGNESS, PE24 4RS - £195,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MEADOW VIEW is a very small extended detached house of 72m², built sometime between 1983 and 1990, which could now be worth an estimated £197,823. It was last sold for £195,000 in September 2022, which was around 31% below the average September 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2021, where the current energy rating was E, and the potential energy rating was B.

MEADOW VIEW Sold Prices

Land registry data shows four sales for MEADOW VIEW since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four MEADOW VIEW 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
2022 13 SEP	£195,000	£282,167	31% below HPI
2006 17 MAR	£102,000	£170,812	40% below HPI
2003 14 JUL	£78,500	£137,997	43% below HPI
1997 1 AUG	£35,750	£62,190	43% below HPI

MEADOW VIEW 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 four MEADOW VIEW sales between August 1997 and September 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 March 2006 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the September 2022 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might MEADOW VIEW be worth now?

MEADOW VIEW might now be worth an estimated £197,823.

This is based on house price inflation of 1.4%, between September 2022 and February 2025, 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 1.4% inflationary increase is applied to the most recent sale price for MEADOW VIEW of £195,000 on 13th September 2022. For the value to have increased from £195,000 to £197,823 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of MEADOW VIEW has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The September 2022 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of MEADOW VIEW has not materially changed since September 2022.

How Large is MEADOW VIEW?

MEADOW VIEW is 72m², which includes one extension, according to the EPC inspection conducted in November 2021. This puts it in the smallest 20% of detached houses houses in Croft, based on EPC data. The below chart shows the distribution of detached houses houses by size in Croft, and where MEADOW VIEW lies on this distribution: 15% of detached houses houses are smaller than MEADOW VIEW, and 85% of houses are larger. Note that EPC data is not available for all properties in Croft.

MEADOW VIEW: Plot and Title Map

MEADOW VIEW sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of MEADOW VIEW, 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 MEADOW VIEW). 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 MEADOW VIEW?

MEADOW VIEW is located on CHURCH LANE in CROFT, in the PE24 postcode district. The below map shows the position of MEADOW VIEW on CHURCH LANE.