4, MERRILLS WAY, INGOLDMELLS, SKEGNESS, PE25 1JN - £222,500

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.

4 MERRILLS WAY is a midsized detached house of 75m², built sometime between 2007 and 2011, which could now be worth an estimated £209,415. It was last sold for £222,500 in October 2024, which was around 20% below the average October 2024 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2024, where the current energy rating was C, and the potential energy rating was B.

4 MERRILLS WAY Sold Prices

Land registry data shows four sales for 4 MERRILLS WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four 4 MERRILLS 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
2024 24 OCT	£222,500	£279,655	20% below HPI
2014 28 NOV	£148,000	£180,195	18% below HPI
2011 7 JAN	£138,000	£164,478	16% below HPI
2006 24 NOV	£164,000	£178,932	8% below HPI

4 MERRILLS 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 four 4 MERRILLS WAY sales between November 2006 and October 2024 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 November 2014 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2024 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 4 MERRILLS WAY be worth now?

4 MERRILLS WAY might now be worth an estimated £209,415.

This is based on house price deflation of 5.9%, between October 2024 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 5.9% deflationary decrease is applied to the most recent sale price for 4 MERRILLS WAY of £222,500 on 24th October 2024. For the value to have decreased from £222,500 to £209,415 over the one year and four months to June 2025, the following assumptions must hold true:

• The value of 4 MERRILLS WAY has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The October 2024 sale price of £222,500 represented a fair market value for the property.
• The size, condition, and specification of 4 MERRILLS WAY has not materially changed since October 2024.

How Large is 4 MERRILLS WAY?

4 MERRILLS WAY is 75m² according to the EPC inspection conducted in January 2024. This puts it in the largest 50% of detached houses houses in Ingoldmells, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ingoldmells, and where 4 MERRILLS WAY lies on this distribution: 54% of detached houses houses are smaller than 4 MERRILLS WAY, and 44% of houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

4 MERRILLS WAY: Plot and Title Map

4 MERRILLS WAY sits on a plot of roughly 0.106 of an acre, or 427m². The below map shows the location of 4 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 4 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 4 MERRILLS WAY?

4 MERRILLS WAY is located in INGOLDMELLS, in the PE25 postcode district. The below map shows the position of No. 4 on MERRILLS WAY.