SEABREEZE, GRIFT BANK, MABLETHORPE, LN12 2PB - £140,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

SEABREEZE is a very small detached house of 59m², built sometime between 1996 and 2002, which could now be worth an estimated £143,691. It was last sold for £140,000 in January 2024, which was around 50% below the average January 2024 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2022, where the current energy rating was B, and the potential energy rating was A.

SEABREEZE Sold Prices

Land registry data shows three sales for SEABREEZE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three SEABREEZE 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
2024 17 JAN	£140,000	£278,899	50% below HPI
2013 30 APR	£117,000	£170,100	31% below HPI
2005 19 DEC	£110,000	£173,357	37% below HPI

SEABREEZE 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 three SEABREEZE sales between December 2005 and January 2024 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 April 2013 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the January 2024 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

What might SEABREEZE be worth now?

SEABREEZE might now be worth an estimated £143,691.

This is based on house price inflation of 2.6%, between January 2024 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 2.6% inflationary increase is applied to the most recent sale price for SEABREEZE of £140,000 on 17th January 2024. For the value to have increased from £140,000 to £143,691 over the eleven months to February 2025, the following assumptions must hold true:

• The value of SEABREEZE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The January 2024 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of SEABREEZE has not materially changed since January 2024.

How Large is SEABREEZE?

SEABREEZE is 59m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 20% 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 SEABREEZE lies on this distribution: 18% of detached houses houses are smaller than SEABREEZE, and 81% of houses are larger. Note that EPC data is not available for all properties in Mablethorpe.

SEABREEZE: Plot and Title Map

SEABREEZE sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of SEABREEZE, 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 SEABREEZE). 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 SEABREEZE?

SEABREEZE is located on GRIFT BANK in MABLETHORPE, in the LN12 postcode district. The below map shows the position of SEABREEZE on GRIFT BANK.