8, OLD SCHOOL CLOSE, INGOLDMELLS, SKEGNESS, PE25 1FD - £160,000

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.

8 OLD SCHOOL CLOSE is a midsized terraced house of 77m², built sometime between 1996 and 2002, which could now be worth an estimated £160,384. It was last sold for £160,000 in September 2024, which was around 10% above the average September 2024 terraced price in the East Lindsey local authority area. The most recent EPC inspection was March 2024, where the current energy rating was C, and the potential energy rating was B.

8 OLD SCHOOL CLOSE Sold Prices

Land registry data shows two sales for 8 OLD SCHOOL CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the East Lindsey local authority area for the corresponding sale date. Both of the two 8 OLD SCHOOL CLOSE 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
2024 4 SEP	£160,000	£145,714	10% above HPI
2007 23 MAR	£122,500	£101,940	20% above HPI

8 OLD SCHOOL CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Lindsey local authority area over time, sourced from the HPI. The two 8 OLD SCHOOL CLOSE sales from March 2007 and September 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 March 2007 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the September 2024 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 8 OLD SCHOOL CLOSE be worth now?

8 OLD SCHOOL CLOSE might now be worth an estimated £160,384.

This is based on house price inflation of 0.2%, between September 2024 and April 2026, for terraced 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 0.2% inflationary increase is applied to the most recent sale price for 8 OLD SCHOOL CLOSE of £160,000 on 4th September 2024. For the value to have increased from £160,000 to £160,384 over the two years and five months to April 2026, the following assumptions must hold true:

• The value of 8 OLD SCHOOL CLOSE has moved in line with the HPI for terraced houses in the East Lindsey local authority area.
• The September 2024 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 8 OLD SCHOOL CLOSE has not materially changed since September 2024.

How Large is 8 OLD SCHOOL CLOSE?

8 OLD SCHOOL CLOSE is 77m² according to the EPC inspection conducted in March 2024. This puts it in the largest 50% of terraced houses houses in Ingoldmells, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ingoldmells, and where 8 OLD SCHOOL CLOSE lies on this distribution: 56% of terraced houses houses are smaller than 8 OLD SCHOOL CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

8 OLD SCHOOL CLOSE: Plot and Title Map

8 OLD SCHOOL CLOSE sits on a plot of roughly 0.039 of an acre, or 156m². The below map shows the location of 8 OLD SCHOOL 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 8 OLD SCHOOL 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 8 OLD SCHOOL CLOSE?

8 OLD SCHOOL CLOSE is located in INGOLDMELLS, in the PE25 postcode district. The below map shows the position of No. 8 on OLD SCHOOL CLOSE.