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

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

SEABREEZE is a very small detached house of 59m², built sometime between 1996 and 2002. It was last sold for £140,000 in January 2024, which was around 49% 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	£273,556	49% below HPI
2013 30 APR	£117,000	£167,657	30% below HPI
2005 19 DEC	£110,000	£170,868	36% 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 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the January 2024 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

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 in Mablethorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Mablethorpe, and where SEABREEZE lies on this distribution: 18% of detached 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.