3, THE DRIVE, MABLETHORPE, LN12 1LX - £135,000

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

3 THE DRIVE is a small detached house of 65m², built sometime between 1967 and 1975. It was last sold for £135,000 in July 2019, which was around 38% below the average July 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2009, where the current energy rating was C, and the potential energy rating was C.

3 THE DRIVE Sold Prices

Land registry data shows three sales for 3 THE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three 3 THE DRIVE 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
2019 31 JUL	£135,000	£216,879	38% below HPI
2006 19 SEP	£123,500	£176,340	30% below HPI
1998 19 NOV	£36,000	£67,291	47% below HPI

3 THE DRIVE 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 three 3 THE DRIVE sales between November 1998 and July 2019 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 September 2006 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the July 2019 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 3 THE DRIVE?

3 THE DRIVE is 65m² according to the EPC inspection conducted in October 2009. 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 3 THE DRIVE lies on this distribution: 28% of detached houses are smaller than 3 THE DRIVE, and 72% of houses are larger. Note that EPC data is not available for all properties in Mablethorpe.

3 THE DRIVE: Plot and Title Map

3 THE DRIVE sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 3 THE DRIVE, 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 THE DRIVE). 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 THE DRIVE?

3 THE DRIVE is located in MABLETHORPE, in the LN12 postcode district. The below map shows the position of No. 3 on THE DRIVE.