MILL HOUSE, BACK LANE, BILSBY, ALFORD, LN13 9PT - £520,000

MILL HOUSE is a small extended detached house of 88m², built sometime before 1900. It was last sold for £520,000 in July 2022, which was around 90% above the average July 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2014, where the current energy rating was E, and the potential energy rating was B.

MILL HOUSE Sold Prices

Land registry data shows four sales for MILL HOUSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Most of the four MILL HOUSE sales were for above 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
2022 6 JUL	£520,000	£274,246	90% above HPI
2020 14 AUG	£300,000	£219,742	37% above HPI
2014 19 DEC	£180,000	£176,376	2% above HPI
1995 8 DEC	£42,000	£56,757	26% below HPI

MILL HOUSE 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 four MILL HOUSE sales between December 1995 and July 2022 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 August 2020 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the July 2022 sale, where it rises to 90% above the HPI. The line then continues to track at 90% above the HPI.

How Large is MILL HOUSE?

MILL HOUSE is 88m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the smallest 30% of detached houses in Bilsby, based on EPC data. The below chart shows the distribution of detached houses by size in Bilsby, and where MILL HOUSE lies on this distribution: 24% of detached houses are smaller than MILL HOUSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Bilsby.

MILL HOUSE: Plot and Title Map

MILL HOUSE sits on a plot of roughly 0.523 of an acre, or 2,115m². The below map shows the location of MILL HOUSE, 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 MILL HOUSE). 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 MILL HOUSE?

MILL HOUSE is located on BACK LANE in BILSBY, in the LN13 postcode district. The below map shows the position of MILL HOUSE on BACK LANE.