2, FLAMBOROUGH CLOSE, SKEGNESS, PE25 1HR - £180,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 FLAMBOROUGH CLOSE is a very small detached house of 69m², built sometime between 1976 and 1982, which could now be worth an estimated £224,166. It was last sold for £180,000 in November 2019, which was around 21% below the average November 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

2 FLAMBOROUGH CLOSE Sold Prices

Land registry data shows two sales for 2 FLAMBOROUGH CLOSE 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 2 FLAMBOROUGH CLOSE 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 26 NOV	£180,000	£228,762	21% below HPI
2016 5 JAN	£147,000	£191,769	23% below HPI

2 FLAMBOROUGH CLOSE 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 2 FLAMBOROUGH CLOSE sales from January 2016 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 January 2016 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the November 2019 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 2 FLAMBOROUGH CLOSE be worth now?

2 FLAMBOROUGH CLOSE might now be worth an estimated £224,166.

This is based on house price inflation of 24.5%, between November 2019 and December 2024, for 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 24.5% inflationary increase is applied to the most recent sale price for 2 FLAMBOROUGH CLOSE of £180,000 on 26th November 2019. For the value to have increased from £180,000 to £224,166 over the four years and eleven months to December 2024, the following assumptions must hold true:

• The value of 2 FLAMBOROUGH CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The November 2019 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FLAMBOROUGH CLOSE has not materially changed since November 2019.

How Large is 2 FLAMBOROUGH CLOSE?

2 FLAMBOROUGH CLOSE is 69m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 20% of detached houses houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses houses by size in Skegness, and where 2 FLAMBOROUGH CLOSE lies on this distribution: 18% of detached houses houses are smaller than 2 FLAMBOROUGH CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Skegness.

2 FLAMBOROUGH CLOSE: Plot and Title Map

2 FLAMBOROUGH CLOSE sits on a plot of roughly 0.091 of an acre, or 370m². The below map shows the location of 2 FLAMBOROUGH CLOSE, 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 2 FLAMBOROUGH CLOSE). 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 2 FLAMBOROUGH CLOSE?

2 FLAMBOROUGH CLOSE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 2 on FLAMBOROUGH CLOSE.