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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 THE FORGES is a very small detached house of 52m², built sometime between 1976 and 1982, which could now be worth an estimated £146,324. It was last sold for £88,000 in October 2010, which was around 49% 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	£172,153	49% below HPI
1997 22 MAY	£42,000	£60,282	30% 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 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2010 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

What might 7 THE FORGES be worth now?

7 THE FORGES might now be worth an estimated £146,324.

This is based on house price inflation of 66.3%, between October 2010 and February 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 66.3% inflationary increase is applied to the most recent sale price for 7 THE FORGES of £88,000 on 15th October 2010. For the value to have increased from £88,000 to £146,324 over the fifteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 7 THE FORGES has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The October 2010 sale price of £88,000 represented a fair market value for the property.
• The size, condition, and specification of 7 THE FORGES has not materially changed since October 2010.

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 houses in Mablethorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mablethorpe, and where 7 THE FORGES lies on this distribution: 4% of detached houses 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.