SCHOOL HOUSE, HIGH STREET, INGOLDMELLS, SKEGNESS, PE25 1PS - £240,000

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.

SCHOOL HOUSE is a very large extended detached house of 123m², built sometime between 1900 and 1929, which could now be worth an estimated £304,181. It was last sold for £240,000 in September 2020, which was around 6% above the average September 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was C.

SCHOOL HOUSE Sold Prices

Land registry data shows two sales for SCHOOL HOUSE 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 SCHOOL HOUSE 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
2020 22 SEP	£240,000	£225,854	6% above HPI
1995 21 SEP	£56,500	£55,596	2% above HPI

SCHOOL HOUSE 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 SCHOOL HOUSE sales from September 1995 and September 2020 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 September 1995 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the September 2020 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might SCHOOL HOUSE be worth now?

SCHOOL HOUSE might now be worth an estimated £304,181.

This is based on house price inflation of 26.7%, between September 2020 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 26.7% inflationary increase is applied to the most recent sale price for SCHOOL HOUSE of £240,000 on 22nd September 2020. For the value to have increased from £240,000 to £304,181 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of SCHOOL HOUSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The September 2020 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of SCHOOL HOUSE has not materially changed since September 2020.

How Large is SCHOOL HOUSE?

SCHOOL HOUSE is 123m², which includes one extension, according to the EPC inspection conducted in October 2018. This puts it in the largest 10% of detached houses houses in Ingoldmells, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ingoldmells, and where SCHOOL HOUSE lies on this distribution: 93% of detached houses houses are smaller than SCHOOL HOUSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

SCHOOL HOUSE: Plot and Title Map

SCHOOL HOUSE sits on a plot of roughly 0.130 of an acre, or 528m². The below map shows the location of SCHOOL HOUSE, 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 SCHOOL HOUSE). 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 SCHOOL HOUSE?

SCHOOL HOUSE is located on HIGH STREET in INGOLDMELLS, in the PE25 postcode district. The below map shows the position of SCHOOL HOUSE on HIGH STREET.