12, BURGH OLD ROAD, SKEGNESS, PE25 2LN - £240,000

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.

12 BURGH OLD ROAD is a small extended detached house of 84m², built sometime between 1930 and 1949, which could now be worth an estimated £226,508. It was last sold for £240,000 in July 2022, which was around 14% below the average July 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2014, where the current energy rating was E, and the potential energy rating was C.

12 BURGH OLD ROAD Sold Prices

Land registry data shows two sales for 12 BURGH OLD ROAD 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 12 BURGH OLD ROAD 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
2022 5 JUL	£240,000	£278,887	14% below HPI
2014 16 MAY	£107,000	£174,953	39% below HPI

12 BURGH OLD ROAD 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 12 BURGH OLD ROAD sales from May 2014 and July 2022 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 May 2014 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the July 2022 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 12 BURGH OLD ROAD be worth now?

12 BURGH OLD ROAD might now be worth an estimated £226,508.

This is based on house price deflation of 5.6%, between July 2022 and June 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 5.6% deflationary decrease is applied to the most recent sale price for 12 BURGH OLD ROAD of £240,000 on 5th July 2022. For the value to have decreased from £240,000 to £226,508 over the three years and one month to June 2025, the following assumptions must hold true:

• The value of 12 BURGH OLD ROAD has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The July 2022 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 12 BURGH OLD ROAD has not materially changed since July 2022.

How Large is 12 BURGH OLD ROAD?

12 BURGH OLD ROAD is 84m², which includes two extensions, according to the EPC inspection conducted in March 2014. This puts it in the smallest 40% of detached houses houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses houses by size in Skegness, and where 12 BURGH OLD ROAD lies on this distribution: 38% of detached houses houses are smaller than 12 BURGH OLD ROAD, and 60% of houses are larger. Note that EPC data is not available for all properties in Skegness.

12 BURGH OLD ROAD: Plot and Title Map

12 BURGH OLD ROAD sits on a plot of roughly 0.136 of an acre, or 550m². The below map shows the location of 12 BURGH OLD ROAD, 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 12 BURGH OLD ROAD). 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 12 BURGH OLD ROAD?

12 BURGH OLD ROAD is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 12 on BURGH OLD ROAD.