OAR COTTAGE, QUEENS PARK CLOSE, MABLETHORPE, LN12 2AS - £250,000

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

OAR COTTAGE is a very small detached house of 39m², built sometime before 1900. It was last sold for £250,000 in April 2012, which was around 56% above the average April 2012 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2020, where the current energy rating was E, and the potential energy rating was C.

OAR COTTAGE Sold Prices

Land registry data shows two sales for OAR COTTAGE 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 OAR COTTAGE sales were 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
2012 23 APR	£250,000	£160,464	56% above HPI
2004 17 SEP	£222,000	£163,555	36% above HPI

OAR COTTAGE 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 OAR COTTAGE sales from September 2004 and April 2012 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 2004 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the April 2012 sale, where it rises to 56% above the HPI. The line then continues to track at 56% above the HPI.

How Large is OAR COTTAGE?

OAR COTTAGE is 39m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 10% of detached houses in Mablethorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Mablethorpe, and where OAR COTTAGE lies on this distribution: 2% of detached houses are smaller than OAR COTTAGE, and 98% of houses are larger. Note that EPC data is not available for all properties in Mablethorpe.

OAR COTTAGE: Plot and Title Map

OAR COTTAGE sits on a plot of roughly 0.206 of an acre, or 833m². The below map shows the location of OAR COTTAGE, 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 OAR COTTAGE). 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 OAR COTTAGE?

OAR COTTAGE is located on QUEENS PARK CLOSE in MABLETHORPE, in the LN12 postcode district. The below map shows the position of OAR COTTAGE on QUEENS PARK CLOSE.