KITWE, GRIFT BANK, MABLETHORPE, LN12 2PB - £93,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

KITWE is a very small semi-detached house of 48m², built sometime between 1967 and 1975, which could now be worth an estimated £139,631. It was last sold for £93,000 in September 2016, which was around 28% below the average September 2016 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

KITWE Sold Prices

Land registry data shows two sales for KITWE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two KITWE 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
2016 16 SEP	£93,000	£128,508	28% below HPI
1997 21 FEB	£25,000	£36,205	31% below HPI

KITWE 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 two KITWE sales from February 1997 and September 2016 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 February 1997 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the September 2016 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might KITWE be worth now?

KITWE might now be worth an estimated £139,631.

This is based on house price inflation of 50.1%, between September 2016 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 50.1% inflationary increase is applied to the most recent sale price for KITWE of £93,000 on 16th September 2016. For the value to have increased from £93,000 to £139,631 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of KITWE has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The September 2016 sale price of £93,000 represented a fair market value for the property.
• The size, condition, and specification of KITWE has not materially changed since September 2016.

How Large is KITWE?

KITWE is 48m² according to the EPC inspection conducted in October 2015. 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 KITWE lies on this distribution: 3% of semi-detached houses houses are smaller than KITWE, and 97% of houses are larger. Note that EPC data is not available for all properties in Mablethorpe.

KITWE: Plot and Title Map

KITWE sits on a plot of roughly 0.039 of an acre, or 157m². The below map shows the location of KITWE, 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 KITWE). 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 KITWE?

KITWE is located on GRIFT BANK in MABLETHORPE, in the LN12 postcode district. The below map shows the position of KITWE on GRIFT BANK.