BURNS FARM, WAINFLEET ROAD, SKEGNESS, PE25 2EL - £190,000

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.

BURNS FARM is a small detached house of 72m², built sometime before 1900, which could now be worth an estimated £315,946. It was last sold for £190,000 in September 2004, which was around 15% above the average September 2004 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2008, where the current energy rating was D, and the potential energy rating was D.

BURNS FARM Sold Prices

Land registry data shows two sales for BURNS FARM 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. One of the two BURNS FARM sales was for above the average price, whilst the other was 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
2004 14 SEP	£190,000	£165,938	15% above HPI
2001 3 AUG	£79,500	£84,846	6% below HPI

BURNS FARM 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 BURNS FARM sales from August 2001 and September 2004 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 August 2001 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the September 2004 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might BURNS FARM be worth now?

BURNS FARM might now be worth an estimated £315,946.

This is based on house price inflation of 66.3%, between September 2004 and August 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 66.3% inflationary increase is applied to the most recent sale price for BURNS FARM of £190,000 on 14th September 2004. For the value to have increased from £190,000 to £315,946 over the 21 years and one month to August 2025, the following assumptions must hold true:

• The value of BURNS FARM has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The September 2004 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of BURNS FARM has not materially changed since September 2004.

How Large is BURNS FARM?

BURNS FARM is 72m² according to the EPC inspection conducted in November 2008. This puts it in the smallest 30% 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 BURNS FARM lies on this distribution: 21% of detached houses houses are smaller than BURNS FARM, and 79% of houses are larger. Note that EPC data is not available for all properties in Skegness.

BURNS FARM: Plot and Title Map

BURNS FARM sits on a plot of roughly 0.335 of an acre, or 1,354m². The below map shows the location of BURNS FARM, 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 BURNS FARM). 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 BURNS FARM?

BURNS FARM is located on WAINFLEET ROAD in SKEGNESS, in the PE25 postcode district. The below map shows the position of BURNS FARM on WAINFLEET ROAD.