7, THE FORGES, HIGH STREET, MABLETHORPE, LN12 1EH - £88,000

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

7 THE FORGES is a very small detached house of 52m², built sometime between 1976 and 1982. It was last sold for £88,000 in October 2010, which was around 48% below the average October 2010 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2010, where the current energy rating was C, and the potential energy rating was C.

7 THE FORGES Sold Prices

Land registry data shows two sales for 7 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 7 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
2010 15 OCT	£88,000	£169,681	48% below HPI
1997 22 MAY	£42,000	£59,416	29% below HPI

7 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 7 THE FORGES sales from May 1997 and October 2010 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 May 1997 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the October 2010 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is 7 THE FORGES?

7 THE FORGES is 52m² according to the EPC inspection conducted in April 2010. This puts it in the smallest 10% of detached houses in Mablethorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Mablethorpe, and where 7 THE FORGES lies on this distribution: 4% of detached houses are smaller than 7 THE FORGES, and 96% of houses are larger. Note that EPC data is not available for all properties in Mablethorpe.

7 THE FORGES: Plot and Title Map

7 THE FORGES sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 7 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 7 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 7 THE FORGES?

7 THE FORGES is located on HIGH STREET in MABLETHORPE, in the LN12 postcode district. The below map shows the position of 7 THE FORGES on HIGH STREET.