KITWE, GRIFT BANK, MABLETHORPE, LN12 2PB - £93,000

KITWE is a very small semi-detached house of 48m², built sometime between 1967 and 1975. It was last sold for £93,000 in September 2016, which was around 52% below the average September 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

KITWE Sold Prices

Land registry data shows two sales for KITWE 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 KITWE 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
2016 16 SEP	£93,000	£191,934	52% below HPI
1997 21 FEB	£25,000	£56,298	56% below HPI

KITWE 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 KITWE sales from February 1997 and September 2016 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 1997 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the September 2016 sale, where it rises to 52% below the HPI. The line then continues to track at 52% below the HPI.

How Large is KITWE?

KITWE is 48m² according to the EPC inspection conducted in October 2015. 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 KITWE lies on this distribution: 3% of detached houses are smaller than KITWE, and 97% of houses are larger. Note that EPC data is not available for all properties in Mablethorpe.

KITWE: Plot and Title Map

KITWE sits on a plot of roughly 0.039 of an acre, or 157m². The below map shows the location of KITWE, 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 KITWE). 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 KITWE?

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