MY WAY, HAWTHORN WAY, INGOLDMELLS, SKEGNESS, PE25 1PQ - £330,000

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

MY WAY is a very large detached house of 113m², built sometime between 2003 and 2006. It was last sold for £330,000 in January 2021, which was around 40% above the average January 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was C.

MY WAY Sold Prices

Land registry data shows three sales for MY WAY 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. Two of the three MY WAY sales were for above the average price, whilst one was 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
2021 26 JAN	£330,000	£236,135	40% above HPI
2006 30 OCT	£285,000	£176,185	62% above HPI
2002 30 AUG	£30,000	£105,490	72% below HPI

MY WAY 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 MY WAY sales between August 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 October 2006 sale was for 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the January 2021 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is MY WAY?

MY WAY is 113m² according to the EPC inspection conducted in June 2019. This puts it in the largest 20% of detached houses in Ingoldmells, based on EPC data. The below chart shows the distribution of detached houses by size in Ingoldmells, and where MY WAY lies on this distribution: 90% of detached houses are smaller than MY WAY, and 10% of houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

MY WAY: Plot and Title Map

MY WAY sits on a plot of roughly 0.245 of an acre, or 992m². The below map shows the location of MY WAY, 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 MY WAY). 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 MY WAY?

MY WAY is located on HAWTHORN WAY in INGOLDMELLS, in the PE25 postcode district. The below map shows the position of MY WAY on HAWTHORN WAY.