16, FAGANS WAY, SKEGNESS, PE25 3NE - £69,000

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.

16 FAGANS WAY is a very small extended semi-detached house of 70m², built sometime between 1991 and 1995, which could now be worth an estimated £214,043. It was last sold for £69,000 in April 2002, which was around 11% above the average April 2002 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

16 FAGANS WAY Sold Prices

Land registry data shows two sales for 16 FAGANS WAY 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 16 FAGANS WAY sales were for above 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
2002 12 APR	£69,000	£62,198	11% above HPI
1995 15 SEP	£42,500	£35,380	20% above HPI

16 FAGANS WAY 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 16 FAGANS WAY sales from September 1995 and April 2002 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 September 1995 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the April 2002 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 16 FAGANS WAY be worth now?

16 FAGANS WAY might now be worth an estimated £214,043.

This is based on house price inflation of 210.2%, between April 2002 and February 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 210.2% inflationary increase is applied to the most recent sale price for 16 FAGANS WAY of £69,000 on 12th April 2002. For the value to have increased from £69,000 to £214,043 over the 23 years and two months to February 2025, the following assumptions must hold true:

• The value of 16 FAGANS WAY has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The April 2002 sale price of £69,000 represented a fair market value for the property.
• The size, condition, and specification of 16 FAGANS WAY has not materially changed since April 2002.

How Large is 16 FAGANS WAY?

16 FAGANS WAY is 70m², which includes two extensions, according to the EPC inspection conducted in September 2021. This puts it in the smallest 20% of semi-detached houses houses in Skegness, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Skegness, and where 16 FAGANS WAY lies on this distribution: 19% of semi-detached houses houses are smaller than 16 FAGANS WAY, and 80% of houses are larger. Note that EPC data is not available for all properties in Skegness.

16 FAGANS WAY: Plot and Title Map

16 FAGANS WAY sits on a plot of roughly 0.048 of an acre, or 195m². The below map shows the location of 16 FAGANS WAY, 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 16 FAGANS WAY). 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 16 FAGANS WAY?

16 FAGANS WAY is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 16 on FAGANS WAY.