4, ORCHARD WAY, MABLETHORPE, LN12 1JL - £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

4 ORCHARD WAY is a midsized extended detached house of 74m², built sometime between 1991 and 1995. It was last sold for £240,000 in May 2022, which was around 11% below the average May 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

4 ORCHARD WAY Sold Prices

Land registry data shows four sales for 4 ORCHARD WAY 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 4 ORCHARD WAY 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
2022 16 MAY	£240,000	£269,782	11% below HPI
2016 5 AUG	£156,500	£189,466	17% below HPI
1997 30 MAY	£49,950	£59,416	16% below HPI
1997 27 MAR	£47,500	£55,546	14% below HPI

4 ORCHARD WAY 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 4 ORCHARD WAY sales between March 1997 and May 2022 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 2016 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the May 2022 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 4 ORCHARD WAY?

4 ORCHARD WAY is 74m², which includes one extension, according to the EPC inspection conducted in April 2022. This puts it in the smallest 50% of detached houses in Mablethorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Mablethorpe, and where 4 ORCHARD WAY lies on this distribution: 44% of detached houses are smaller than 4 ORCHARD WAY, and 56% of houses are larger. Note that EPC data is not available for all properties in Mablethorpe.

4 ORCHARD WAY: Plot and Title Map

4 ORCHARD WAY sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of 4 ORCHARD WAY, 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 4 ORCHARD WAY). 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 4 ORCHARD WAY?

4 ORCHARD WAY is located in MABLETHORPE, in the LN12 postcode district. The below map shows the position of No. 4 on ORCHARD WAY.