3, MERRILLS WAY, INGOLDMELLS, SKEGNESS, PE25 1JN - £112,500

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.

3 MERRILLS WAY is a midsized extended semi-detached house of 73m², built sometime between 1991 and 1995, which could now be worth an estimated £185,402. It was last sold for £112,500 in January 2015, which was around 4% below the average January 2015 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

3 MERRILLS WAY Sold Prices

Land registry data shows three sales for 3 MERRILLS WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. Two of the three 3 MERRILLS WAY sales were for below the average price, whilst one was 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
2015 9 JAN	£112,500	£117,076	4% below HPI
2013 29 OCT	£111,000	£114,589	3% below HPI
2006 8 AUG	£125,500	£121,436	3% above HPI

3 MERRILLS WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Lindsey local authority area over time, sourced from the HPI. The three 3 MERRILLS WAY sales between August 2006 and January 2015 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 2013 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the January 2015 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 3 MERRILLS WAY be worth now?

3 MERRILLS WAY might now be worth an estimated £185,402.

This is based on house price inflation of 64.8%, between January 2015 and February 2025, for semi-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 64.8% inflationary increase is applied to the most recent sale price for 3 MERRILLS WAY of £112,500 on 9th January 2015. For the value to have increased from £112,500 to £185,402 over the nine years and eleven months to February 2025, the following assumptions must hold true:

• The value of 3 MERRILLS WAY has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The January 2015 sale price of £112,500 represented a fair market value for the property.
• The size, condition, and specification of 3 MERRILLS WAY has not materially changed since January 2015.

How Large is 3 MERRILLS WAY?

3 MERRILLS WAY is 73m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the largest 50% of semi-detached houses houses in Ingoldmells, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Ingoldmells, and where 3 MERRILLS WAY lies on this distribution: 55% of semi-detached houses houses are smaller than 3 MERRILLS WAY, and 45% of houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

3 MERRILLS WAY: Plot and Title Map

3 MERRILLS WAY sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 3 MERRILLS 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 3 MERRILLS 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 3 MERRILLS WAY?

3 MERRILLS WAY is located in INGOLDMELLS, in the PE25 postcode district. The below map shows the position of No. 3 on MERRILLS WAY.