MARGARITE, SEAHOLME ROAD, MABLETHORPE, LN12 2AP - £210,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

MARGARITE is a large detached house of 90m², built sometime between 1976 and 1982. It was last sold for £210,000 in February 2022, which was around 21% below the average February 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was B.

MARGARITE Sold Prices

Land registry data shows two sales for MARGARITE 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 MARGARITE 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 21 FEB	£210,000	£264,840	21% below HPI
2001 9 MAY	£54,950	£80,623	32% below HPI

MARGARITE 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 MARGARITE sales from May 2001 and February 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 May 2001 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the February 2022 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is MARGARITE?

MARGARITE is 90m² according to the EPC inspection conducted in November 2020. This puts it in the largest 40% of detached houses in Mablethorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Mablethorpe, and where MARGARITE lies on this distribution: 66% of detached houses are smaller than MARGARITE, and 33% of houses are larger. Note that EPC data is not available for all properties in Mablethorpe.

MARGARITE: Plot and Title Map

MARGARITE sits on a plot of roughly 0.117 of an acre, or 474m². The below map shows the location of MARGARITE, 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 MARGARITE). 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 MARGARITE?

MARGARITE is located on SEAHOLME ROAD in MABLETHORPE, in the LN12 postcode district. The below map shows the position of MARGARITE on SEAHOLME ROAD.