NEWCROFT, MEDINA GARDENS, MABLETHORPE, LN12 2EA - £177,000

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.

NEWCROFT is a large detached house of 91m², built sometime between 1983 and 1990, which could now be worth an estimated £277,501. It was last sold for £177,000 in May 2015, which was around 3% below the average May 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

NEWCROFT Sold Prices

Land registry data shows two sales for NEWCROFT 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 NEWCROFT 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
2015 18 MAY	£177,000	£182,582	3% below HPI
1999 15 DEC	£59,950	£72,104	17% below HPI

NEWCROFT 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 NEWCROFT sales from December 1999 and May 2015 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 December 1999 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the May 2015 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might NEWCROFT be worth now?

NEWCROFT might now be worth an estimated £277,501.

This is based on house price inflation of 56.8%, between May 2015 and February 2025, for 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 56.8% inflationary increase is applied to the most recent sale price for NEWCROFT of £177,000 on 18th May 2015. For the value to have increased from £177,000 to £277,501 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of NEWCROFT has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The May 2015 sale price of £177,000 represented a fair market value for the property.
• The size, condition, and specification of NEWCROFT has not materially changed since May 2015.

How Large is NEWCROFT?

NEWCROFT is 91m² according to the EPC inspection conducted in January 2015. This puts it in the largest 40% of detached houses houses in Mablethorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mablethorpe, and where NEWCROFT lies on this distribution: 66% of detached houses houses are smaller than NEWCROFT, and 33% of houses are larger. Note that EPC data is not available for all properties in Mablethorpe.

NEWCROFT: Plot and Title Map

NEWCROFT sits on a plot of roughly 0.101 of an acre, or 407m². The below map shows the location of NEWCROFT, 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 NEWCROFT). 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 NEWCROFT?

NEWCROFT is located on MEDINA GARDENS in MABLETHORPE, in the LN12 postcode district. The below map shows the position of NEWCROFT on MEDINA GARDENS.