PINE LODGE, BEACON WAY, SKEGNESS, PE25 1HL - £160,000

PINE LODGE is a small extended detached house of 77m², built sometime between 1950 and 1966. It was last sold for £160,000 in February 2016, which was around 15% below the average February 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was December 2015, where the current energy rating was E, and the potential energy rating was B.

PINE LODGE Sold Prices

Land registry data shows two sales for PINE LODGE 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 PINE LODGE sales was for below the average price, whilst the other was 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
2016 2 FEB	£160,000	£187,232	15% below HPI
1997 21 APR	£59,000	£58,054	2% above HPI

PINE LODGE 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 PINE LODGE sales from April 1997 and February 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 April 1997 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the February 2016 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is PINE LODGE?

PINE LODGE is 77m², which includes two extensions, according to the EPC inspection conducted in December 2015. This puts it in the smallest 30% of detached houses in Skegness, based on EPC data. The below chart shows the distribution of detached houses by size in Skegness, and where PINE LODGE lies on this distribution: 28% of detached houses are smaller than PINE LODGE, and 70% of houses are larger. Note that EPC data is not available for all properties in Skegness.

PINE LODGE: Plot and Title Map

PINE LODGE sits on a plot of roughly 0.268 of an acre, or 1,083m². The below map shows the location of PINE LODGE, 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 PINE LODGE). 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 PINE LODGE?

PINE LODGE is located on BEACON WAY in SKEGNESS, in the PE25 postcode district. The below map shows the position of PINE LODGE on BEACON WAY.