FOUNDRY HOUSE, BREWSTER LANE, WAINFLEET, SKEGNESS, PE24 4LS - £48,000

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

FOUNDRY HOUSE is a large extended detached house of 127m², built sometime before 1900. It was last sold for £48,000 in August 2001, which was around 43% below the average August 2001 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2014, where the current energy rating was G, and the potential energy rating was C.

FOUNDRY HOUSE Sold Prices

Land registry data shows two sales for FOUNDRY HOUSE 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 FOUNDRY HOUSE 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
2001 10 AUG	£48,000	£83,628	43% below HPI
1998 18 DEC	£48,000	£66,497	28% below HPI

FOUNDRY HOUSE 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 FOUNDRY HOUSE sales from December 1998 and August 2001 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 1998 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2001 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is FOUNDRY HOUSE?

FOUNDRY HOUSE is 127m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the largest 30% of detached houses in Wainfleet All Saints, based on EPC data. The below chart shows the distribution of detached houses by size in Wainfleet All Saints, and where FOUNDRY HOUSE lies on this distribution: 80% of detached houses are smaller than FOUNDRY HOUSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Wainfleet All Saints.

FOUNDRY HOUSE: Plot and Title Map

FOUNDRY HOUSE sits on a plot of roughly 0.208 of an acre, or 843m². The below map shows the location of FOUNDRY HOUSE, 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 FOUNDRY HOUSE). 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 FOUNDRY HOUSE?

FOUNDRY HOUSE is located on BREWSTER LANE in WAINFLEET, in the PE24 postcode district. The below map shows the position of FOUNDRY HOUSE on BREWSTER LANE.