MANDALAY, GREEN LANE, WOODHALL SPA, LN10 6QY - £242,050

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

MANDALAY is a very small detached house of 44m², built sometime between 1976 and 1982. It was last sold for £242,050 in November 2022, which was around 14% below the average November 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was B.

MANDALAY Sold Prices

Land registry data shows three sales for MANDALAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three MANDALAY 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 15 NOV	£242,050	£282,579	14% below HPI
2011 9 SEP	£111,000	£168,640	34% below HPI
2001 16 MAY	£60,000	£80,622	26% below HPI

MANDALAY 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 three MANDALAY sales between May 2001 and November 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 September 2011 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the November 2022 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is MANDALAY?

MANDALAY is 44m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 10% of detached houses in Woodhall Spa, based on EPC data. The below chart shows the distribution of detached houses by size in Woodhall Spa, and where MANDALAY lies on this distribution: Less than 1% of detached houses are smaller than MANDALAY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Woodhall Spa.

MANDALAY: Plot and Title Map

MANDALAY sits on a plot of roughly 0.166 of an acre, or 670m². The below map shows the location of MANDALAY, 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 MANDALAY). 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 MANDALAY?

MANDALAY is located on GREEN LANE in WOODHALL SPA, in the LN10 postcode district. The below map shows the position of MANDALAY on GREEN LANE.