MERRIFIELD, OLD ROMAN BANK, SKEGNESS, PE25 1DT - £140,000

MERRIFIELD is a midsized extended detached house of 88m², built sometime between 1967 and 1975. It was last sold for £140,000 in November 2019, which was around 38% below the average November 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2011, where the current energy rating was E, and the potential energy rating was C.

MERRIFIELD Sold Prices

Land registry data shows three sales for MERRIFIELD 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 MERRIFIELD 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
2019 11 NOV	£140,000	£225,476	38% below HPI
2019 30 AUG	£108,000	£221,272	51% below HPI
2017 8 AUG	£135,000	£211,244	36% below HPI

MERRIFIELD 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 MERRIFIELD sales between August 2017 and November 2019 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 2019 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the November 2019 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is MERRIFIELD?

MERRIFIELD is 88m², which includes one extension, according to the EPC inspection conducted in February 2011. This puts it in the smallest 50% of detached houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses by size in Skegness, and where MERRIFIELD lies on this distribution: 44% of detached houses are smaller than MERRIFIELD, and 56% of houses are larger. Note that EPC data is not available for all properties in Skegness.

MERRIFIELD: Plot and Title Map

MERRIFIELD sits on a plot of roughly 0.213 of an acre, or 860m². The below map shows the location of MERRIFIELD, 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 MERRIFIELD). 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 MERRIFIELD?

MERRIFIELD is located on OLD ROMAN BANK in SKEGNESS, in the PE25 postcode district. The below map shows the position of MERRIFIELD on OLD ROMAN BANK.