1, MILL LANE, CROXTON KERRIAL, GRANTHAM, NG32 1RA - £286,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 MILL LANE is a large detached house of 171m², built sometime between 1996 and 2002. It was last sold for £286,500 in May 2014, which was around 21% above the average May 2014 detached price in the Melton local authority area. The most recent EPC inspection was December 2008, where the current energy rating was E, and the potential energy rating was D.

1 MILL LANE Sold Prices

Land registry data shows five sales for 1 MILL LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the five 1 MILL LANE 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
2014 14 MAY	£286,500	£236,235	21% above HPI
2004 2 FEB	£250,000	£201,505	24% above HPI
2002 10 MAY	£187,500	£149,019	26% above HPI
1999 22 FEB	£125,000	£90,567	38% above HPI
1997 18 JUL	£149,500	£86,000	74% above HPI

1 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Melton local authority area over time, sourced from the HPI. The five 1 MILL LANE sales between July 1997 and May 2014 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 2004 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the May 2014 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is 1 MILL LANE?

1 MILL LANE is 171m² according to the EPC inspection conducted in December 2008. This puts it in the largest 30% of detached houses in Croxton Kerrial, based on EPC data. The below chart shows the distribution of detached houses by size in Croxton Kerrial, and where 1 MILL LANE lies on this distribution: 73% of detached houses are smaller than 1 MILL LANE, and 27% of houses are larger. Note that EPC data is not available for all properties in Croxton Kerrial.

1 MILL LANE: Plot and Title Map

1 MILL LANE sits on a plot of roughly 0.180 of an acre, or 728m². The below map shows the location of 1 MILL LANE, 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 1 MILL LANE). 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 1 MILL LANE?

1 MILL LANE is located in CROXTON KERRIAL, in the NG32 postcode district. The below map shows the position of No. 1 on MILL LANE.