9, THE DRIVE, SKEGNESS, PE25 1RF - £137,000

9 THE DRIVE is a small detached house of 77m², built sometime between 1950 and 1966. It was last sold for £137,000 in July 2013, which was around 16% below the average July 2013 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2012, where the current energy rating was E, and the potential energy rating was B.

9 THE DRIVE Sold Prices

Land registry data shows three sales for 9 THE DRIVE 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 9 THE DRIVE 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
2013 26 JUL	£137,000	£164,032	16% below HPI
2001 15 JAN	£69,500	£77,428	10% below HPI
1996 16 AUG	£50,000	£57,797	13% below HPI

9 THE DRIVE 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 9 THE DRIVE sales between August 1996 and July 2013 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 January 2001 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the July 2013 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 9 THE DRIVE?

9 THE DRIVE is 77m² according to the EPC inspection conducted in June 2012. This puts it in the smallest 30% of detached houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses by size in Skegness, and where 9 THE DRIVE lies on this distribution: 28% of detached houses are smaller than 9 THE DRIVE, and 70% of houses are larger. Note that EPC data is not available for all properties in Skegness.

9 THE DRIVE: Plot and Title Map

9 THE DRIVE sits on a plot of roughly 0.090 of an acre, or 366m². The below map shows the location of 9 THE DRIVE, 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 9 THE DRIVE). 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 9 THE DRIVE?

9 THE DRIVE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 9 on THE DRIVE.