3, TOWER CLOSE, MABLETHORPE, LN12 2YA - £160,000

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 TOWER CLOSE is a very small semi-detached house of 57m², built sometime between 2003 and 2006. It was last sold for £160,000 in January 2021, which was around 32% below the average January 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

3 TOWER CLOSE Sold Prices

Land registry data shows four sales for 3 TOWER CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four 3 TOWER CLOSE 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
2021 29 JAN	£160,000	£236,135	32% below HPI
2014 7 FEB	£114,500	£168,336	32% below HPI
2007 4 OCT	£123,500	£188,072	34% below HPI
2001 25 MAY	£55,750	£80,622	31% below HPI

3 TOWER 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 four 3 TOWER CLOSE sales between May 2001 and January 2021 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 February 2014 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the January 2021 sale, which was also at 32% below the HPI.

How Large is 3 TOWER CLOSE?

3 TOWER CLOSE is 57m² according to the EPC inspection conducted in September 2020. 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 3 TOWER CLOSE lies on this distribution: 15% of detached houses are smaller than 3 TOWER CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Mablethorpe.

3 TOWER CLOSE: Plot and Title Map

3 TOWER CLOSE sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 3 TOWER 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 TOWER 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 TOWER CLOSE?

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