3, MILL CLOSE, WAINFLEET, SKEGNESS, PE24 4NY - £244,000

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.

3 MILL CLOSE is a very small detached house of 63m², built sometime between 2003 and 2006, which could now be worth an estimated £233,517. It was last sold for £244,000 in December 2022, which was around 15% below the average December 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

3 MILL CLOSE Sold Prices

Land registry data shows three sales for 3 MILL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three 3 MILL CLOSE 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
2022 21 DEC	£244,000	£288,289	15% below HPI
2017 16 AUG	£157,000	£214,322	27% below HPI
2002 3 SEP	£87,500	£112,806	22% below HPI

3 MILL CLOSE 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 three 3 MILL CLOSE sales between September 2002 and December 2022 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 August 2017 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the December 2022 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 3 MILL CLOSE be worth now?

3 MILL CLOSE might now be worth an estimated £233,517.

This is based on house price deflation of 4.3%, between December 2022 and April 2026, 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 4.3% deflationary decrease is applied to the most recent sale price for 3 MILL CLOSE of £244,000 on 21st December 2022. For the value to have decreased from £244,000 to £233,517 over the four years and eight months to April 2026, the following assumptions must hold true:

• The value of 3 MILL CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The December 2022 sale price of £244,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MILL CLOSE has not materially changed since December 2022.

How Large is 3 MILL CLOSE?

3 MILL CLOSE is 63m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 20% of detached houses houses in Wainfleet All Saints, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wainfleet All Saints, and where 3 MILL CLOSE lies on this distribution: 16% of detached houses houses are smaller than 3 MILL CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Wainfleet All Saints.

3 MILL CLOSE: Plot and Title Map

3 MILL CLOSE sits on a plot of roughly 0.104 of an acre, or 419m². The below map shows the location of 3 MILL CLOSE, 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 MILL CLOSE). 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 MILL CLOSE?

3 MILL CLOSE is located in WAINFLEET, in the PE24 postcode district. The below map shows the position of No. 3 on MILL CLOSE.