8, DRAKES CLOSE, SANDILANDS, MABLETHORPE, LN12 2UE - £275,000

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

8 DRAKES CLOSE is a midsized detached house of 80m², built sometime between 1996 and 2002. It was last sold for £275,000 in November 2023, which was about the average November 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

8 DRAKES CLOSE Sold Prices

Land registry data shows four sales for 8 DRAKES CLOSE 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. The four 8 DRAKES CLOSE sales were a mix of roughly equal to the average price, and above 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
2023 29 NOV	£275,000	£275,977	Close to HPI
2013 29 NOV	£175,500	£165,133	6% above HPI
2009 10 DEC	£163,000	£163,724	Close to HPI
1999 30 JUN	£69,995	£66,527	5% above HPI

8 DRAKES CLOSE 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 8 DRAKES CLOSE sales between June 1999 and November 2023 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 2013 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the November 2023 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 8 DRAKES CLOSE?

8 DRAKES CLOSE is 80m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 50% of detached houses in Sandilands, based on EPC data. The below chart shows the distribution of detached houses by size in Sandilands, and where 8 DRAKES CLOSE lies on this distribution: 41% of detached houses are smaller than 8 DRAKES CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Sandilands.

8 DRAKES CLOSE: Plot and Title Map

8 DRAKES CLOSE sits on a plot of roughly 0.109 of an acre, or 441m². The below map shows the location of 8 DRAKES CLOSE, 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 8 DRAKES CLOSE). 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 8 DRAKES CLOSE?

8 DRAKES CLOSE is located in SANDILANDS, in the LN12 postcode district. The below map shows the position of No. 8 on DRAKES CLOSE.