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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 MILL LANE is a large detached house of 171m², built sometime between 1996 and 2002, which could now be worth an estimated £467,207. It was last sold for £286,500 in May 2014, which was around 17% 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	£245,025	17% above HPI
2004 2 FEB	£250,000	£209,002	20% above HPI
2002 10 MAY	£187,500	£154,563	21% above HPI
1999 22 FEB	£125,000	£93,936	33% above HPI
1997 18 JUL	£149,500	£89,200	68% 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 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the May 2014 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 1 MILL LANE be worth now?

1 MILL LANE might now be worth an estimated £467,207.

This is based on house price inflation of 63.1%, between May 2014 and February 2025, for detached houses, in the Melton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 63.1% inflationary increase is applied to the most recent sale price for 1 MILL LANE of £286,500 on 14th May 2014. For the value to have increased from £286,500 to £467,207 over the eleven years and three months to February 2025, the following assumptions must hold true:

• The value of 1 MILL LANE has moved in line with the HPI for detached houses in the Melton local authority area.
• The May 2014 sale price of £286,500 represented a fair market value for the property.
• The size, condition, and specification of 1 MILL LANE has not materially changed since May 2014.

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 houses in Croxton Kerrial, based on EPC data. The below chart shows the distribution of detached houses houses by size in Croxton Kerrial, and where 1 MILL LANE lies on this distribution: 73% of detached houses 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.