MY WAY, ROMAN BANK, INGOLDMELLS, SKEGNESS, PE25 1JU - £370,000

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

MY WAY is a very large detached house of 756m², built sometime between 1967 and 1975. It was last sold for £370,000 in June 2018, which was around 76% above the average June 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was C.

MY WAY Sold Prices

Land registry data shows two sales for MY WAY 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 MY WAY 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
2018 15 JUN	£370,000	£210,621	76% above HPI
2006 30 OCT	£360,000	£176,185	104% above 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 two MY WAY sales from October 2006 and June 2018 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 104% above the HPI. So the extrapolation line tracks at 104% above the HPI over time, until the June 2018 sale, where it falls to 76% above the HPI. The line then continues to track at 76% above the HPI.

How Large is MY WAY?

MY WAY is 756m² according to the EPC inspection conducted in January 2014. 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 MY WAY lies on this distribution: More than 99% of detached houses are smaller than MY WAY, and less than 1% 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 0.276 of an acre, or 1,116m². 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 ROMAN BANK in INGOLDMELLS, in the PE25 postcode district. The below map shows the position of MY WAY on ROMAN BANK.