3, THE HURST, SKEGNESS, PE25 1HP - £147,000

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.

3 THE HURST is a very small detached house of 67m², built sometime between 1967 and 1975, which could now be worth an estimated £234,025. It was last sold for £147,000 in December 2014, which was around 18% below the average December 2014 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

3 THE HURST Sold Prices

Land registry data shows three sales for 3 THE HURST since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three 3 THE HURST 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
2014 8 DEC	£147,000	£178,946	18% below HPI
2007 5 APR	£142,000	£189,158	25% below HPI
2002 23 AUG	£92,000	£107,027	14% below HPI

3 THE HURST 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 three 3 THE HURST sales between August 2002 and December 2014 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 April 2007 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the December 2014 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 3 THE HURST be worth now?

3 THE HURST might now be worth an estimated £234,025.

This is based on house price inflation of 59.2%, between December 2014 and March 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 59.2% inflationary increase is applied to the most recent sale price for 3 THE HURST of £147,000 on 8th December 2014. For the value to have increased from £147,000 to £234,025 over the eleven years and nine months to March 2025, the following assumptions must hold true:

• The value of 3 THE HURST has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The December 2014 sale price of £147,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE HURST has not materially changed since December 2014.

How Large is 3 THE HURST?

3 THE HURST is 67m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 20% 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 3 THE HURST lies on this distribution: 15% of detached houses houses are smaller than 3 THE HURST, and 84% of houses are larger. Note that EPC data is not available for all properties in Skegness.

3 THE HURST: Plot and Title Map

3 THE HURST sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 3 THE HURST, 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 3 THE HURST). 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 3 THE HURST?

3 THE HURST is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 3 on THE HURST.