12, CHELTENHAM WAY, MABLETHORPE, LN12 2AX - £180,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

12 CHELTENHAM WAY is a very small detached house of 56m², built sometime between 1983 and 1990. It was last sold for £180,000 in January 2022, which was around 32% below the average January 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was B.

12 CHELTENHAM WAY Sold Prices

Land registry data shows two sales for 12 CHELTENHAM WAY 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 CHELTENHAM WAY 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 4 JAN	£180,000	£266,197	32% below HPI
1995 6 JUL	£42,500	£54,259	22% below HPI

12 CHELTENHAM WAY 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 CHELTENHAM WAY sales from July 1995 and January 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 July 1995 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the January 2022 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 12 CHELTENHAM WAY?

12 CHELTENHAM WAY is 56m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 20% of detached houses in Mablethorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Mablethorpe, and where 12 CHELTENHAM WAY lies on this distribution: 12% of detached houses are smaller than 12 CHELTENHAM WAY, and 86% of houses are larger. Note that EPC data is not available for all properties in Mablethorpe.

12 CHELTENHAM WAY: Plot and Title Map

12 CHELTENHAM WAY sits on a plot of roughly 0.117 of an acre, or 472m². The below map shows the location of 12 CHELTENHAM WAY, 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 CHELTENHAM WAY). 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 CHELTENHAM WAY?

12 CHELTENHAM WAY is located in MABLETHORPE, in the LN12 postcode district. The below map shows the position of No. 12 on CHELTENHAM WAY.