MELWOOD, ALFORD ROAD, MABLETHORPE, LN12 1ET - £150,000

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.

MELWOOD is a very large extended terraced house of 111m², built sometime between 1930 and 1949, which could now be worth an estimated £138,871. It was last sold for £150,000 in February 2023, which was about the average February 2023 terraced price in the East Lindsey local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

MELWOOD Sold Prices

Land registry data shows two sales for MELWOOD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the East Lindsey local authority area for the corresponding sale date. One of the two MELWOOD sales was roughly equal to the average price, whilst the other was for 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 24 FEB	£150,000	£149,903	Close to HPI
2002 15 AUG	£68,000	£50,989	33% above HPI

MELWOOD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Lindsey local authority area over time, sourced from the HPI. The two MELWOOD sales from August 2002 and February 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 August 2002 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the February 2023 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might MELWOOD be worth now?

MELWOOD might now be worth an estimated £138,871.

This is based on house price deflation of 7.4%, between February 2023 and July 2025, for terraced 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 7.4% deflationary decrease is applied to the most recent sale price for MELWOOD of £150,000 on 24th February 2023. For the value to have decreased from £150,000 to £138,871 over the one year and seven months to July 2025, the following assumptions must hold true:

• The value of MELWOOD has moved in line with the HPI for terraced houses in the East Lindsey local authority area.
• The February 2023 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of MELWOOD has not materially changed since February 2023.

How Large is MELWOOD?

MELWOOD is 111m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the largest 20% of terraced houses houses in Mablethorpe, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Mablethorpe, and where MELWOOD lies on this distribution: 84% of terraced houses houses are smaller than MELWOOD, and 16% of houses are larger. Note that EPC data is not available for all properties in Mablethorpe.

MELWOOD: Plot and Title Map

MELWOOD sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of MELWOOD, 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 MELWOOD). 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 MELWOOD?

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