MERRIVILLE, CROFT LANE, CROFT, SKEGNESS, PE24 4PA - £340,000

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

MERRIVILLE is a very large extended detached house of 193m², built sometime between 1976 and 1982. It was last sold for £340,000 in March 2022, which was around 29% above the average March 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

MERRIVILLE Sold Prices

Land registry data shows three sales for MERRIVILLE 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 MERRIVILLE 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
2022 18 MAR	£340,000	£263,829	29% above HPI
2013 3 JUN	£280,000	£167,067	68% above HPI
1995 14 JUL	£90,000	£54,259	66% above HPI

MERRIVILLE 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 MERRIVILLE sales between July 1995 and March 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 June 2013 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the March 2022 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

How Large is MERRIVILLE?

MERRIVILLE is 193m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the largest 10% of detached houses in Wainfleet All Saints, based on EPC data. The below chart shows the distribution of detached houses by size in Wainfleet All Saints, and where MERRIVILLE lies on this distribution: 92% of detached houses are smaller than MERRIVILLE, and 8% of houses are larger. Note that EPC data is not available for all properties in Wainfleet All Saints.

MERRIVILLE: Plot and Title Map

MERRIVILLE sits on a plot of roughly 0.509 of an acre, or 2,058m². The below map shows the location of MERRIVILLE, 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 MERRIVILLE). 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 MERRIVILLE?

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