2, RIPON PLACE, MABLETHORPE, LN12 2DL - £240,000

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

2 RIPON PLACE is a small detached house of 70m², built sometime between 1950 and 1966. It was last sold for £240,000 in March 2023, which was around 15% below the average March 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

2 RIPON PLACE Sold Prices

Land registry data shows two sales for 2 RIPON PLACE 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 2 RIPON PLACE 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
2023 7 MAR	£240,000	£282,466	15% below HPI
2019 11 DEC	£145,000	£222,986	35% below HPI

2 RIPON PLACE 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 2 RIPON PLACE sales from December 2019 and March 2023 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 December 2019 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the March 2023 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 2 RIPON PLACE?

2 RIPON PLACE is 70m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 40% of detached houses in Mablethorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Mablethorpe, and where 2 RIPON PLACE lies on this distribution: 37% of detached houses are smaller than 2 RIPON PLACE, and 61% of houses are larger. Note that EPC data is not available for all properties in Mablethorpe.

2 RIPON PLACE: Plot and Title Map

2 RIPON PLACE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 2 RIPON PLACE, 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 2 RIPON PLACE). 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 2 RIPON PLACE?

2 RIPON PLACE is located in MABLETHORPE, in the LN12 postcode district. The below map shows the position of No. 2 on RIPON PLACE.