2, THE BUNGALOW, BRIAN AVENUE, SKEGNESS, PE25 2DF - £162,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 THE BUNGALOW is a very small detached house of 49m², built sometime between 1991 and 1995. It was last sold for £162,000 in August 2022, which was around 41% below the average August 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was B.

2 THE BUNGALOW Sold Prices

Land registry data shows four sales for 2 THE BUNGALOW since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four 2 THE BUNGALOW 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 24 AUG	£162,000	£275,687	41% below HPI
2015 7 MAY	£91,500	£179,959	49% below HPI
2008 1 SEP	£107,500	£176,143	39% below HPI
2000 26 MAY	£44,000	£72,066	39% below HPI

2 THE BUNGALOW 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 four 2 THE BUNGALOW sales between May 2000 and August 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 2015 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the August 2022 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 2 THE BUNGALOW?

2 THE BUNGALOW is 49m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 10% of detached houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses by size in Skegness, and where 2 THE BUNGALOW lies on this distribution: 1% of detached houses are smaller than 2 THE BUNGALOW, and 99% of houses are larger. Note that EPC data is not available for all properties in Skegness.

2 THE BUNGALOW: Plot and Title Map

2 THE BUNGALOW sits on a plot of roughly 0.044 of an acre, or 179m². The below map shows the location of 2 THE BUNGALOW, 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 THE BUNGALOW). 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 THE BUNGALOW?

2 THE BUNGALOW is located on BRIAN AVENUE in SKEGNESS, in the PE25 postcode district. The below map shows the position of 2 THE BUNGALOW on BRIAN AVENUE.