5, OLD SCHOOL CLOSE, INGOLDMELLS, SKEGNESS, PE25 1FD - £138,000

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.

5 OLD SCHOOL CLOSE is a small extended terraced house of 79m², built sometime between 1996 and 2002, which could now be worth an estimated £135,568. It was last sold for £138,000 in October 2024, which was around 6% below the average October 2024 terraced price in the East Lindsey local authority area. The most recent EPC inspection was December 2022, where the current energy rating was C, and the potential energy rating was B.

5 OLD SCHOOL CLOSE Sold Prices

Land registry data shows one sale for 5 OLD SCHOOL CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced price in the East Lindsey local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2024 31 OCT	£138,000	£147,448	6% below HPI

What might 5 OLD SCHOOL CLOSE be worth now?

5 OLD SCHOOL CLOSE might now be worth an estimated £135,568.

This is based on house price deflation of 1.8%, between October 2024 and May 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 1.8% deflationary decrease is applied to the most recent sale price for 5 OLD SCHOOL CLOSE of £138,000 on 31st October 2024. For the value to have decreased from £138,000 to £135,568 over the two years and five months to May 2026, the following assumptions must hold true:

• The value of 5 OLD SCHOOL CLOSE has moved in line with the HPI for terraced houses in the East Lindsey local authority area.
• The October 2024 sale price of £138,000 represented a fair market value for the property.
• The size, condition, and specification of 5 OLD SCHOOL CLOSE has not materially changed since October 2024.

How Large is 5 OLD SCHOOL CLOSE?

5 OLD SCHOOL CLOSE is 79m², which includes one extension, according to the EPC inspection conducted in December 2022. This puts it in the smallest 40% of terraced houses in Ingoldmells, based on EPC data. The below chart shows the distribution of terraced houses by size in Ingoldmells, and where 5 OLD SCHOOL CLOSE lies on this distribution: 36% of terraced houses are smaller than 5 OLD SCHOOL CLOSE, and 59% of terraced houses are larger. Note that EPC data is not available for all properties in Ingoldmells.

5 OLD SCHOOL CLOSE: Plot

5 OLD SCHOOL CLOSE sits on a plot of roughly 0.023 of an acre, or 95m².

Where is 5 OLD SCHOOL CLOSE?

5 OLD SCHOOL CLOSE is located in INGOLDMELLS, in the PE25 postcode district.