1, MULBERRY WAY, SKEGNESS, PE25 1GD - £176,250

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.

1 MULBERRY WAY is a very small detached house of 71m², built sometime between 2003 and 2006, which could now be worth an estimated £196,190. It was last sold for £176,250 in March 2021, which was around 25% below the average March 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

1 MULBERRY WAY Sold Prices

Land registry data shows two sales for 1 MULBERRY 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 1 MULBERRY WAY 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 31 MAR	£176,250	£236,458	25% below HPI
2005 20 MAY	£163,000	£173,870	6% below HPI

1 MULBERRY 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 1 MULBERRY WAY sales from May 2005 and March 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 May 2005 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the March 2021 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 1 MULBERRY WAY be worth now?

1 MULBERRY WAY might now be worth an estimated £196,190.

This is based on house price inflation of 11.3%, between March 2021 and June 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 11.3% inflationary increase is applied to the most recent sale price for 1 MULBERRY WAY of £176,250 on 31st March 2021. For the value to have increased from £176,250 to £196,190 over the three years and nine months to June 2025, the following assumptions must hold true:

• The value of 1 MULBERRY WAY has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The March 2021 sale price of £176,250 represented a fair market value for the property.
• The size, condition, and specification of 1 MULBERRY WAY has not materially changed since March 2021.

How Large is 1 MULBERRY WAY?

1 MULBERRY WAY is 71m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 20% of detached houses houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses houses by size in Skegness, and where 1 MULBERRY WAY lies on this distribution: 20% of detached houses houses are smaller than 1 MULBERRY WAY, and 80% of houses are larger. Note that EPC data is not available for all properties in Skegness.

1 MULBERRY WAY: Plot and Title Map

1 MULBERRY WAY sits on a plot of roughly 0.063 of an acre, or 255m². The below map shows the location of 1 MULBERRY 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 1 MULBERRY 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 1 MULBERRY WAY?

1 MULBERRY WAY is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 1 on MULBERRY WAY.