UNDERBANK, THAMES STREET, HOGSTHORPE, SKEGNESS, PE24 5QA - £220,000

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.

UNDERBANK is a very large extended detached house of 143m², built sometime between 1930 and 1949, which could now be worth an estimated £374,914. It was last sold for £220,000 in November 2010, which was around 31% above the average November 2010 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2010, where the current energy rating was F, and the potential energy rating was D.

UNDERBANK Sold Prices

Land registry data shows two sales for UNDERBANK 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 UNDERBANK 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
2010 1 NOV	£220,000	£167,973	31% above HPI
2001 5 OCT	£107,000	£90,279	19% above HPI

UNDERBANK 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 UNDERBANK sales from October 2001 and November 2010 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 2001 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the November 2010 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might UNDERBANK be worth now?

UNDERBANK might now be worth an estimated £374,914.

This is based on house price inflation of 70.4%, between November 2010 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 70.4% inflationary increase is applied to the most recent sale price for UNDERBANK of £220,000 on 1st November 2010. For the value to have increased from £220,000 to £374,914 over the fifteen years and nine months to February 2025, the following assumptions must hold true:

• The value of UNDERBANK has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The November 2010 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of UNDERBANK has not materially changed since November 2010.

How Large is UNDERBANK?

UNDERBANK is 143m², which includes one extension, according to the EPC inspection conducted in July 2010. This puts it in the largest 20% of detached houses houses in Hogsthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hogsthorpe, and where UNDERBANK lies on this distribution: 88% of detached houses houses are smaller than UNDERBANK, and 12% of houses are larger. Note that EPC data is not available for all properties in Hogsthorpe.

UNDERBANK: Plot and Title Map

UNDERBANK sits on a plot of roughly 0.162 of an acre, or 655m². The below map shows the location of UNDERBANK, 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 UNDERBANK). 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 UNDERBANK?

UNDERBANK is located on THAMES STREET in HOGSTHORPE, in the PE24 postcode district. The below map shows the position of UNDERBANK on THAMES STREET.