WOODLANDS, BREWSTER LANE, WAINFLEET, SKEGNESS, PE24 4LX - £147,000

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

WOODLANDS is a small extended detached house of 80m², built sometime between 1930 and 1949. It was last sold for £147,000 in December 2016, which was around 26% below the average December 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2024, where the current energy rating was F, and the potential energy rating was A.

WOODLANDS Sold Prices

Land registry data shows two sales for WOODLANDS 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 WOODLANDS 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
2016 7 DEC	£147,000	£197,369	26% below HPI
1998 15 SEP	£39,950	£65,381	39% below HPI

WOODLANDS 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 WOODLANDS sales from September 1998 and December 2016 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 September 1998 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the December 2016 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is WOODLANDS?

WOODLANDS is 80m², which includes three extensions, according to the EPC inspection conducted in July 2024. This puts it in the smallest 40% 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 WOODLANDS lies on this distribution: 31% of detached houses are smaller than WOODLANDS, and 68% of houses are larger. Note that EPC data is not available for all properties in Wainfleet All Saints.

WOODLANDS: Plot and Title Map

WOODLANDS sits on a plot of roughly 0.141 of an acre, or 572m². The below map shows the location of WOODLANDS, 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 WOODLANDS). 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 WOODLANDS?

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