24, THE FAIRWAY, MABLETHORPE, LN12 1LL - £115,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

24 THE FAIRWAY is a small extended detached house of 64m², built sometime between 1976 and 1982. It was last sold for £115,000 in June 2018, which was around 45% below the average June 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was A.

24 THE FAIRWAY Sold Prices

Land registry data shows two sales for 24 THE FAIRWAY 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 24 THE FAIRWAY 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
2018 15 JUN	£115,000	£210,621	45% below HPI
1996 30 AUG	£30,000	£57,797	48% below HPI

24 THE FAIRWAY 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 24 THE FAIRWAY sales from August 1996 and June 2018 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 1996 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the June 2018 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 24 THE FAIRWAY?

24 THE FAIRWAY is 64m², which includes one extension, according to the EPC inspection conducted in January 2018. This puts it in the smallest 30% of detached houses in Mablethorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Mablethorpe, and where 24 THE FAIRWAY lies on this distribution: 26% of detached houses are smaller than 24 THE FAIRWAY, and 72% of houses are larger. Note that EPC data is not available for all properties in Mablethorpe.

24 THE FAIRWAY: Plot and Title Map

24 THE FAIRWAY sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 24 THE FAIRWAY, 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 24 THE FAIRWAY). 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 24 THE FAIRWAY?

24 THE FAIRWAY is located in MABLETHORPE, in the LN12 postcode district. The below map shows the position of No. 24 on THE FAIRWAY.