1, MILL LANE, ELLASTONE, ASHBOURNE, DE6 2HF - £245,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 MILL LANE is a small detached house of 105m², built sometime between 1996 and 2002, which could now be worth an estimated £412,678. It was last sold for £245,000 in August 2011, which was around 20% above the average August 2011 detached price in the East Staffordshire local authority area. The most recent EPC inspection was March 2009, where the current energy rating was D, and the potential energy rating was D.

1 MILL LANE Sold Prices

Land registry data shows three sales for 1 MILL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Staffordshire local authority area for the corresponding sale date. All of the three 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
2011 19 AUG	£245,000	£203,422	20% above HPI
2003 18 DEC	£249,995	£169,875	47% above HPI
2002 23 AUG	£199,950	£127,812	56% above HPI

1 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Staffordshire local authority area over time, sourced from the HPI. The three 1 MILL LANE sales between August 2002 and August 2011 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 December 2003 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the August 2011 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 1 MILL LANE be worth now?

1 MILL LANE might now be worth an estimated £412,678.

This is based on house price inflation of 68.4%, between August 2011 and February 2025, for detached houses, in the East Staffordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 68.4% inflationary increase is applied to the most recent sale price for 1 MILL LANE of £245,000 on 19th August 2011. For the value to have increased from £245,000 to £412,678 over the fourteen years and six 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 East Staffordshire local authority area.
• The August 2011 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MILL LANE has not materially changed since August 2011.

How Large is 1 MILL LANE?

1 MILL LANE is 105m² according to the EPC inspection conducted in March 2009. This puts it in the smallest 30% of detached houses houses in Ellastone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ellastone, and where 1 MILL LANE lies on this distribution: 22% of detached houses houses are smaller than 1 MILL LANE, and 78% of houses are larger. Note that EPC data is not available for all properties in Ellastone.

1 MILL LANE: Plot and Title Map

1 MILL LANE sits on a plot of roughly 0.120 of an acre, or 486m². 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 ELLASTONE, in the DE6 postcode district. The below map shows the position of No. 1 on MILL LANE.