55, BEACON WAY, SKEGNESS, PE25 1HJ - £185,000

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

55 BEACON WAY is a very small detached house of 58m², built sometime between 1983 and 1990. It was last sold for £185,000 in December 2021, which was around 29% below the average December 2021 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.

55 BEACON WAY Sold Prices

Land registry data shows three sales for 55 BEACON WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three 55 BEACON WAY 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
2021 3 DEC	£185,000	£260,179	29% below HPI
2018 25 MAY	£148,000	£209,025	29% below HPI
2000 22 NOV	£58,500	£76,227	23% below HPI

55 BEACON WAY 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 three 55 BEACON WAY sales between November 2000 and December 2021 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 2018 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the December 2021 sale, which was also at 29% below the HPI.

How Large is 55 BEACON WAY?

55 BEACON WAY is 58m² according to the EPC inspection conducted in April 2017. 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 55 BEACON WAY lies on this distribution: 5% of detached houses are smaller than 55 BEACON WAY, and 94% of houses are larger. Note that EPC data is not available for all properties in Skegness.

55 BEACON WAY: Plot and Title Map

55 BEACON WAY sits on a plot of roughly 0.081 of an acre, or 329m². The below map shows the location of 55 BEACON 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 55 BEACON 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 55 BEACON WAY?

55 BEACON WAY is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 55 on BEACON WAY.