12, BURGH OLD ROAD, SKEGNESS, PE25 2LN - £240,000

12 BURGH OLD ROAD is a small extended detached house of 84m², built sometime between 1930 and 1949. It was last sold for £240,000 in July 2022, which was around 12% below the average July 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2014, where the current energy rating was E, and the potential energy rating was C.

12 BURGH OLD ROAD Sold Prices

Land registry data shows two sales for 12 BURGH OLD ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 12 BURGH OLD ROAD 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
2022 5 JUL	£240,000	£274,246	12% below HPI
2014 16 MAY	£107,000	£172,441	38% below HPI

12 BURGH OLD ROAD 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 two 12 BURGH OLD ROAD sales from May 2014 and July 2022 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 May 2014 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the July 2022 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 12 BURGH OLD ROAD?

12 BURGH OLD ROAD is 84m², which includes two extensions, according to the EPC inspection conducted in March 2014. This puts it in the smallest 40% of detached houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses by size in Skegness, and where 12 BURGH OLD ROAD lies on this distribution: 38% of detached houses are smaller than 12 BURGH OLD ROAD, and 60% of houses are larger. Note that EPC data is not available for all properties in Skegness.

12 BURGH OLD ROAD: Plot and Title Map

12 BURGH OLD ROAD sits on a plot of roughly 0.136 of an acre, or 550m². The below map shows the location of 12 BURGH OLD ROAD, 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 12 BURGH OLD ROAD). 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 12 BURGH OLD ROAD?

12 BURGH OLD ROAD is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 12 on BURGH OLD ROAD.