SEAWAYS, SEA LANE, INGOLDMELLS, SKEGNESS, PE25 1NU - £140,000

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

SEAWAYS is a midsized extended detached house of 76m², built sometime between 1930 and 1949. It was last sold for £140,000 in November 2021, which was around 46% below the average November 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2020, where the current energy rating was D, and the potential energy rating was C.

SEAWAYS Sold Prices

Land registry data shows two sales for SEAWAYS 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 SEAWAYS 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
2021 11 NOV	£140,000	£257,326	46% below HPI
2021 19 FEB	£120,000	£232,837	48% below HPI

SEAWAYS 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 SEAWAYS sales from February 2021 and November 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 February 2021 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the November 2021 sale, where it rises to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is SEAWAYS?

SEAWAYS is 76m², which includes two extensions, according to the EPC inspection conducted in May 2020. This puts it in the largest 50% of detached houses in Ingoldmells, based on EPC data. The below chart shows the distribution of detached houses by size in Ingoldmells, and where SEAWAYS lies on this distribution: 57% of detached houses are smaller than SEAWAYS, and 43% of houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

SEAWAYS: Plot and Title Map

SEAWAYS sits on a plot of roughly 0.115 of an acre, or 465m². The below map shows the location of SEAWAYS, 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 SEAWAYS). 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 SEAWAYS?

SEAWAYS is located on SEA LANE in INGOLDMELLS, in the PE25 postcode district. The below map shows the position of SEAWAYS on SEA LANE.