SPRINGVALE, CHURCH LANE, CROFT, SKEGNESS, PE24 4RS - £140,000

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

SPRINGVALE is a midsized extended detached house of 92m², built sometime between 1930 and 1949. It was last sold for £140,000 in December 2018, which was around 35% below the average December 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was B.

SPRINGVALE Sold Prices

Land registry data shows two sales for SPRINGVALE 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 SPRINGVALE 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
2018 14 DEC	£140,000	£216,134	35% below HPI
2014 26 SEP	£135,000	£177,757	24% below HPI

SPRINGVALE 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 SPRINGVALE sales from September 2014 and December 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 September 2014 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the December 2018 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is SPRINGVALE?

SPRINGVALE is 92m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the largest 50% of detached houses in Croft, based on EPC data. The below chart shows the distribution of detached houses by size in Croft, and where SPRINGVALE lies on this distribution: 50% of detached houses are smaller than SPRINGVALE, and 46% of houses are larger. Note that EPC data is not available for all properties in Croft.

SPRINGVALE: Plot and Title Map

SPRINGVALE sits on a plot of roughly 0.182 of an acre, or 736m². The below map shows the location of SPRINGVALE, 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 SPRINGVALE). 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 SPRINGVALE?

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