8, Cheltenham Way
8, Cheltenham Way
Description & Estimates
8, Cheltenham Way, Mablethorpe is recorded publicly as a modern freehold house across 559 ft2 of internal area, sitting on a 368 m2 plot.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 8, Cheltenham Way, Mablethorpe is £158,468 and its rental estimate is £762 per month, given the available information and assuming reasonable condition.
Cheltenham Way, Mablethorpe, LN12 falls within the LN12 postal district, in the borough of East Lindsey.
Our Data Sources
8, Cheltenham Way, Mablethorpe has 21 entries in the Land Registry , most recently in May 2018 and a single entry in the EPC database dated January 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 8, Cheltenham Way, Mablethorpe, we estimate a market value of £166,392 and a rental value of £800 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £147,376 and £708 per month respectively.
Recent Market Change
Over the last year, 8, Cheltenham Way, Mablethorpe has seen its estimated sale value fall by £3,927 (2.5%) and its estimated rental value move up by £29 per month (3.7%). This results in an estimated gross rental yield of 5.8%.
Plot Size
HM Land Registry records the plot of land for 8, Cheltenham Way, Mablethorpe as measuring 368 m2.
That makes it the 17th largest plot in the postcode, where 40 of the 46 other houses have recorded plot data.
Energy Efficiency
8, Cheltenham Way, Mablethorpe has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Jan 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
The most recent sale of 8, Cheltenham Way, Mablethorpe completed on 23rd May 2018 at £131,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 26.5% over the period since May 2018.
- Sold May 2018£131,000
- Sold Feb 1998£39,450
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 8, Cheltenham Way, Mablethorpe have sold within a radius of 1.0 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 27th June 2024, was 28, Parklands, Mablethorpe, LN12 1BY, a freehold house which sold for £215,000.
Read more about house prices in LN12.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 46 addresses on Cheltenham Way, Mablethorpe, LN12, 8, Cheltenham Way, Mablethorpe comes out as the 41st largest and the 42nd most expensive in our analysis of the public data.
It is also £69k less expensive than the average property across the LN12 district.
More reading links
Schools Nearby
- 500mMablethorpe Primary Academy
- 3.7kmSutton-on-Sea Community Primary School
- 3.9kmTheddlethorpe Academy
- 9.6kmJohn Spendluffe Foundation Technology College
- 10.0kmQueen Elizabeth's Grammar Alford - A Selective Academy
- 14.5kmSomercotes Academy
More reading links
Public Transport Nearby
From 8, Cheltenham Way, Mablethorpe, the nearest station is Skegness, 22.1 kilometres away.
- 22.1kmSkegness
- 23.9kmThorpe Culvert
- 24.6kmHavenhouse
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated low, based on Environment Agency data.
