3, DRAKES CLOSE, SANDILANDS, MABLETHORPE, LN12 2UE - £173,000

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

3 DRAKES CLOSE is a small detached house of 79m², built sometime between 1996 and 2002. It was last sold for £173,000 in July 2017, which was around 16% below the average July 2017 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2016, where the current energy rating was C, and the potential energy rating was B.

3 DRAKES CLOSE Sold Prices

Land registry data shows two sales for 3 DRAKES CLOSE 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 3 DRAKES CLOSE 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
2017 21 JUL	£173,000	£206,507	16% below HPI
1998 24 JUL	£67,250	£65,105	3% above HPI

3 DRAKES CLOSE 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 3 DRAKES CLOSE sales from July 1998 and July 2017 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 1998 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the July 2017 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 3 DRAKES CLOSE?

3 DRAKES CLOSE is 79m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 40% of detached houses in Sandilands, based on EPC data. The below chart shows the distribution of detached houses by size in Sandilands, and where 3 DRAKES CLOSE lies on this distribution: 38% of detached houses are smaller than 3 DRAKES CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Sandilands.

3 DRAKES CLOSE: Plot and Title Map

3 DRAKES CLOSE sits on a plot of roughly 0.139 of an acre, or 563m². The below map shows the location of 3 DRAKES CLOSE, 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 3 DRAKES CLOSE). 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 3 DRAKES CLOSE?

3 DRAKES CLOSE is located in SANDILANDS, in the LN12 postcode district. The below map shows the position of No. 3 on DRAKES CLOSE.