31, BURGH ROAD, SKEGNESS, PE25 2RA - £150,000

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

31 BURGH ROAD is a very small detached house of 66m², built sometime between 1930 and 1949. It was last sold for £150,000 in September 2017, which was around 29% below the average September 2017 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

31 BURGH ROAD Sold Prices

Land registry data shows five sales for 31 BURGH ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the five 31 BURGH 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
2017 27 SEP	£150,000	£210,398	29% below HPI
2007 5 OCT	£148,000	£188,072	21% below HPI
2007 5 JAN	£144,500	£178,011	19% below HPI
2005 13 JAN	£143,000	£166,680	14% below HPI
1999 10 FEB	£44,500	£64,275	31% below HPI

31 BURGH 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 five 31 BURGH ROAD sales between February 1999 and September 2017 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 October 2007 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the September 2017 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 31 BURGH ROAD?

31 BURGH ROAD is 66m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 20% of detached houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses by size in Skegness, and where 31 BURGH ROAD lies on this distribution: 13% of detached houses are smaller than 31 BURGH ROAD, and 85% of houses are larger. Note that EPC data is not available for all properties in Skegness.

31 BURGH ROAD: Plot and Title Map

31 BURGH ROAD sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 31 BURGH 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 31 BURGH 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 31 BURGH ROAD?

31 BURGH ROAD is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 31 on BURGH ROAD.