BURNS FARM, WAINFLEET ROAD, SKEGNESS, PE25 2EL - £190,000

BURNS FARM is a small detached house of 72m², built sometime before 1900. It was last sold for £190,000 in September 2004, which was around 16% above the average September 2004 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2008, where the current energy rating was D, and the potential energy rating was D.

BURNS FARM Sold Prices

Land registry data shows two sales for BURNS FARM 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. One of the two BURNS FARM sales was for above the average price, whilst the other was 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
2004 14 SEP	£190,000	£163,555	16% above HPI
2001 3 AUG	£79,500	£83,628	5% below HPI

BURNS FARM 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 BURNS FARM sales from August 2001 and September 2004 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 August 2001 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the September 2004 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is BURNS FARM?

BURNS FARM is 72m² according to the EPC inspection conducted in November 2008. This puts it in the smallest 30% of detached houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses by size in Skegness, and where BURNS FARM lies on this distribution: 22% of detached houses are smaller than BURNS FARM, and 78% of houses are larger. Note that EPC data is not available for all properties in Skegness.

BURNS FARM: Plot and Title Map

BURNS FARM sits on a plot of roughly 0.335 of an acre, or 1,354m². The below map shows the location of BURNS FARM, 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 BURNS FARM). 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 BURNS FARM?

BURNS FARM is located on WAINFLEET ROAD in SKEGNESS, in the PE25 postcode district. The below map shows the position of BURNS FARM on WAINFLEET ROAD.