OCEAN VILLA, SUTTON ROAD, TRUSTHORPE, MABLETHORPE, LN12 2PD - £148,000

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

OCEAN VILLA is a very large detached house of 127m², built sometime between 1976 and 1982. It was last sold for £148,000 in May 2018, which was around 29% below the average May 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

OCEAN VILLA Sold Prices

Land registry data shows two sales for OCEAN VILLA 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 OCEAN VILLA 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
2018 14 MAY	£148,000	£209,025	29% below HPI
2007 20 FEB	£152,000	£180,905	16% below HPI

OCEAN VILLA 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 OCEAN VILLA sales from February 2007 and May 2018 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 February 2007 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the May 2018 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is OCEAN VILLA?

OCEAN VILLA is 127m² according to the EPC inspection conducted in March 2013. This puts it in the largest 10% of detached houses in Trusthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Trusthorpe, and where OCEAN VILLA lies on this distribution: 97% of detached houses are smaller than OCEAN VILLA, and 3% of houses are larger. Note that EPC data is not available for all properties in Trusthorpe.

OCEAN VILLA: Plot and Title Map

OCEAN VILLA sits on a plot of roughly 0.107 of an acre, or 433m². The below map shows the location of OCEAN VILLA, 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 OCEAN VILLA). 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 OCEAN VILLA?

OCEAN VILLA is located on SUTTON ROAD in TRUSTHORPE, in the LN12 postcode district. The below map shows the position of OCEAN VILLA on SUTTON ROAD.