VELNET HOUSE, WEST END, HOGSTHORPE, SKEGNESS, PE24 5PA - £75,000

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.

VELNET HOUSE is a very large extended semi-detached house of 193m², built sometime before 1900, which could now be worth an estimated £91,560. It was last sold for £75,000 in January 2020, which was around 48% below the average January 2020 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was December 2019, where the current energy rating was E, and the potential energy rating was C.

VELNET HOUSE Sold Prices

Land registry data shows two sales for VELNET HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two VELNET HOUSE 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
2020 14 JAN	£75,000	£144,961	48% below HPI
2001 1 AUG	£52,000	£52,911	2% below HPI

VELNET HOUSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two VELNET HOUSE sales from August 2001 and January 2020 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 2001 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the January 2020 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

What might VELNET HOUSE be worth now?

VELNET HOUSE might now be worth an estimated £91,560.

This is based on house price inflation of 22.1%, between January 2020 and June 2025, for semi-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 22.1% inflationary increase is applied to the most recent sale price for VELNET HOUSE of £75,000 on 14th January 2020. For the value to have increased from £75,000 to £91,560 over the four years and seven months to June 2025, the following assumptions must hold true:

• The value of VELNET HOUSE has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The January 2020 sale price of £75,000 represented a fair market value for the property.
• The size, condition, and specification of VELNET HOUSE has not materially changed since January 2020.

How Large is VELNET HOUSE?

VELNET HOUSE is 193m², which includes one extension, according to the EPC inspection conducted in December 2019. This puts it in the largest 10% of semi-detached houses houses in Hogsthorpe, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Hogsthorpe, and where VELNET HOUSE lies on this distribution: 97% of semi-detached houses houses are smaller than VELNET HOUSE, and 2% of houses are larger. Note that EPC data is not available for all properties in Hogsthorpe.

VELNET HOUSE: Plot and Title Map

VELNET HOUSE sits on a plot of roughly 0.212 of an acre, or 858m². The below map shows the location of VELNET HOUSE, 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 VELNET HOUSE). 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 VELNET HOUSE?

VELNET HOUSE is located on WEST END in HOGSTHORPE, in the PE24 postcode district. The below map shows the position of VELNET HOUSE on WEST END.