40, THE STRAND, MABLETHORPE, LN12 1BQ - £122,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

40 THE STRAND is a very small extended detached house of 57m², built sometime between 1950 and 1966. It was last sold for £122,000 in April 2021, which was around 48% below the average April 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2023, where the current energy rating was E, and the potential energy rating was B.

40 THE STRAND Sold Prices

Land registry data shows two sales for 40 THE STRAND 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 40 THE STRAND 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 23 APR	£122,000	£232,750	48% below HPI
2012 27 NOV	£83,500	£157,343	47% below HPI

40 THE STRAND 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 40 THE STRAND sales from November 2012 and April 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 November 2012 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the April 2021 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is 40 THE STRAND?

40 THE STRAND is 57m², which includes one extension, according to the EPC inspection conducted in January 2023. 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 40 THE STRAND lies on this distribution: 15% of detached houses are smaller than 40 THE STRAND, and 83% of houses are larger. Note that EPC data is not available for all properties in Mablethorpe.

40 THE STRAND: Plot and Title Map

40 THE STRAND sits on a plot of roughly 0.090 of an acre, or 366m². The below map shows the location of 40 THE STRAND, 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 40 THE STRAND). 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 40 THE STRAND?

40 THE STRAND is located in MABLETHORPE, in the LN12 postcode district. The below map shows the position of No. 40 on THE STRAND.