7, BISCAY CLOSE, SKEGNESS, PE25 1JR - £130,000

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

7 BISCAY CLOSE is a very small extended detached house of 63m², built sometime between 1991 and 1995. It was last sold for £130,000 in June 2020, which was around 41% below the average June 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

7 BISCAY CLOSE Sold Prices

Land registry data shows two sales for 7 BISCAY 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 7 BISCAY 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
2020 11 JUN	£130,000	£218,791	41% below HPI
2017 13 DEC	£119,950	£208,598	42% below HPI

7 BISCAY 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 7 BISCAY CLOSE sales from December 2017 and June 2020 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 December 2017 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the June 2020 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 7 BISCAY CLOSE?

7 BISCAY CLOSE is 63m², which includes one extension, according to the EPC inspection conducted in May 2019. 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 7 BISCAY CLOSE lies on this distribution: 9% of detached houses are smaller than 7 BISCAY CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Skegness.

7 BISCAY CLOSE: Plot and Title Map

7 BISCAY CLOSE sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of 7 BISCAY 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 7 BISCAY 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 7 BISCAY CLOSE?

7 BISCAY CLOSE is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 7 on BISCAY CLOSE.