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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

FOUNDRY HOUSE is a large extended detached house of 127m², built sometime before 1900, which could now be worth an estimated £161,942. 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	£84,846	43% below HPI
1998 18 DEC	£48,000	£67,466	29% 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 29% below the HPI. So the extrapolation line tracks at 29% 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.

What might FOUNDRY HOUSE be worth now?

FOUNDRY HOUSE might now be worth an estimated £161,942.

This is based on house price inflation of 237.4%, between August 2001 and February 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 237.4% inflationary increase is applied to the most recent sale price for FOUNDRY HOUSE of £48,000 on 10th August 2001. For the value to have increased from £48,000 to £161,942 over the 24 years and six months to February 2025, the following assumptions must hold true:

• The value of FOUNDRY HOUSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The August 2001 sale price of £48,000 represented a fair market value for the property.
• The size, condition, and specification of FOUNDRY HOUSE has not materially changed since August 2001.

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 houses in Wainfleet All Saints, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wainfleet All Saints, and where FOUNDRY HOUSE lies on this distribution: 79% of detached houses houses are smaller than FOUNDRY HOUSE, and 21% 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 0.213 of an acre, or 861m². 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.