5, THE FORGES, HIGH STREET, MABLETHORPE, LN12 1EH - £147,000

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

5 THE FORGES is a midsized detached house of 83m², built sometime between 1996 and 2002. It was last sold for £147,000 in July 2015, which was around 19% below the average July 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2024, where the current energy rating was C, and the potential energy rating was B.

5 THE FORGES Sold Prices

Land registry data shows two sales for 5 THE FORGES 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 5 THE FORGES 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
2015 15 JUL	£147,000	£181,933	19% below HPI
2011 11 NOV	£118,000	£164,467	28% below HPI

5 THE FORGES 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 5 THE FORGES sales from November 2011 and July 2015 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 2011 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the July 2015 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 5 THE FORGES?

5 THE FORGES is 83m² according to the EPC inspection conducted in August 2024. This puts it in the largest 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 5 THE FORGES lies on this distribution: 57% of detached houses are smaller than 5 THE FORGES, and 42% of houses are larger. Note that EPC data is not available for all properties in Mablethorpe.

5 THE FORGES: Plot and Title Map

5 THE FORGES sits on a plot of roughly 0.118 of an acre, or 479m². The below map shows the location of 5 THE FORGES, 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 5 THE FORGES). 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 5 THE FORGES?

5 THE FORGES is located on HIGH STREET in MABLETHORPE, in the LN12 postcode district. The below map shows the position of 5 THE FORGES on HIGH STREET.