WOODWAYS, VICTORIA ROAD, MABLETHORPE, LN12 2AF - £165,000

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.

WOODWAYS is a very large extended detached house of 143m², built sometime between 1930 and 1949, which could now be worth an estimated £212,776. It was last sold for £165,000 in June 2020, which was around 26% below the average June 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2017, where the current energy rating was D, and the potential energy rating was C.

WOODWAYS Sold Prices

Land registry data shows three sales for WOODWAYS 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 WOODWAYS 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
2020 22 JUN	£165,000	£221,978	26% below HPI
2019 20 SEP	£150,000	£224,683	33% below HPI
2006 24 FEB	£149,995	£169,644	12% below HPI

WOODWAYS 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 WOODWAYS sales between February 2006 and June 2020 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 2019 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the June 2020 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might WOODWAYS be worth now?

WOODWAYS might now be worth an estimated £212,776.

This is based on house price inflation of 29%, between June 2020 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 29% inflationary increase is applied to the most recent sale price for WOODWAYS of £165,000 on 22nd June 2020. For the value to have increased from £165,000 to £212,776 over the five years and four months to February 2025, the following assumptions must hold true:

• The value of WOODWAYS has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The June 2020 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of WOODWAYS has not materially changed since June 2020.

How Large is WOODWAYS?

WOODWAYS is 143m², which includes one extension, according to the EPC inspection conducted in January 2017. This puts it in the largest 10% 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 WOODWAYS lies on this distribution: 93% of detached houses houses are smaller than WOODWAYS, and 7% of houses are larger. Note that EPC data is not available for all properties in Mablethorpe.

WOODWAYS: Plot and Title Map

WOODWAYS sits on a plot of roughly 0.142 of an acre, or 575m². The below map shows the location of WOODWAYS, 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 WOODWAYS). 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 WOODWAYS?

WOODWAYS is located on VICTORIA ROAD in MABLETHORPE, in the LN12 postcode district. The below map shows the position of WOODWAYS on VICTORIA ROAD.