8, THE DRIVE, MABLETHORPE, LN12 1LX - £160,000

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

8 THE DRIVE is a very small semi-detached house of 55m², built sometime between 1950 and 1966, which could now be worth an estimated £166,885. It was last sold for £160,000 in July 2022, which was around 14% below the average July 2022 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was B.

8 THE DRIVE Sold Prices

Land registry data shows four sales for 8 THE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. All of the four 8 THE DRIVE 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
2022 20 JUL	£160,000	£184,983	14% below HPI
2007 3 AUG	£35,000	£131,770	73% below HPI
2000 1 SEP	£43,500	£47,467	8% below HPI
1997 31 JUL	£33,750	£38,759	13% below HPI

8 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Lindsey local authority area over time, sourced from the HPI. The four 8 THE DRIVE sales between July 1997 and July 2022 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 August 2007 sale was for 73% below the HPI. So the extrapolation line tracks at 73% below the HPI over time, until the July 2022 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 8 THE DRIVE be worth now?

8 THE DRIVE might now be worth an estimated £166,885.

This is based on house price inflation of 4.3%, between July 2022 and February 2025, for semi-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 4.3% inflationary increase is applied to the most recent sale price for 8 THE DRIVE of £160,000 on 20th July 2022. For the value to have increased from £160,000 to £166,885 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 8 THE DRIVE has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The July 2022 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 8 THE DRIVE has not materially changed since July 2022.

How Large is 8 THE DRIVE?

8 THE DRIVE is 55m² according to the EPC inspection conducted in December 2013. This puts it in the smallest 10% of semi-detached houses houses in Mablethorpe, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Mablethorpe, and where 8 THE DRIVE lies on this distribution: 10% of semi-detached houses houses are smaller than 8 THE DRIVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Mablethorpe.

8 THE DRIVE: Plot and Title Map

8 THE DRIVE sits on a plot of roughly 0.092 of an acre, or 374m². The below map shows the location of 8 THE DRIVE, 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 THE DRIVE). 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 THE DRIVE?

8 THE DRIVE is located in MABLETHORPE, in the LN12 postcode district. The below map shows the position of No. 8 on THE DRIVE.