56, BURGH OLD ROAD, SKEGNESS, PE25 2LH - £345,000

56 BURGH OLD ROAD is a very large extended detached house of 147m², built sometime between 1967 and 1975. It was last sold for £345,000 in June 2022, which was around 26% above the average June 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was B.

56 BURGH OLD ROAD Sold Prices

Land registry data shows two sales for 56 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 56 BURGH OLD ROAD sales were for above 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 6 JUN	£345,000	£273,883	26% above HPI
2020 28 FEB	£232,500	£212,241	10% above HPI

56 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 56 BURGH OLD ROAD sales from February 2020 and June 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 February 2020 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the June 2022 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is 56 BURGH OLD ROAD?

56 BURGH OLD ROAD is 147m², which includes three extensions, according to the EPC inspection conducted in January 2023. This puts it in the largest 20% of detached houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses by size in Skegness, and where 56 BURGH OLD ROAD lies on this distribution: 85% of detached houses are smaller than 56 BURGH OLD ROAD, and 15% of houses are larger. Note that EPC data is not available for all properties in Skegness.

56 BURGH OLD ROAD: Plot and Title Map

56 BURGH OLD ROAD sits on a plot of roughly 0.221 of an acre, or 893m². The below map shows the location of 56 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 56 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 56 BURGH OLD ROAD?

56 BURGH OLD ROAD is located in SKEGNESS, in the PE25 postcode district. The below map shows the position of No. 56 on BURGH OLD ROAD.