1, OLD MILL LANE, HORNCASTLE, LN9 6BL - £86,500

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 OLD MILL LANE is a midsized extended detached house of 98m², built sometime before 1900, which could now be worth an estimated £104,358. It was last sold for £86,500 in April 2021, which was around 63% below the average April 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2023, where the current energy rating was C, and the potential energy rating was B.

1 OLD MILL LANE Sold Prices

Land registry data shows two sales for 1 OLD MILL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 1 OLD MILL LANE sales were for below 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
2021 6 APR	£86,500	£236,141	63% below HPI
1998 16 SEP	£25,000	£66,334	62% below HPI

1 OLD MILL LANE 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 two 1 OLD MILL LANE sales from September 1998 and April 2021 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 September 1998 sale was for 62% below the HPI. So the extrapolation line tracks at 62% below the HPI over time, until the April 2021 sale, where it falls to 63% below the HPI. The line then continues to track at 63% below the HPI.

What might 1 OLD MILL LANE be worth now?

1 OLD MILL LANE might now be worth an estimated £104,358.

This is based on house price inflation of 20.6%, between April 2021 and December 2024, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.6% inflationary increase is applied to the most recent sale price for 1 OLD MILL LANE of £86,500 on 6th April 2021. For the value to have increased from £86,500 to £104,358 over the two years and four months to December 2024, the following assumptions must hold true:

• The value of 1 OLD MILL LANE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The April 2021 sale price of £86,500 represented a fair market value for the property.
• The size, condition, and specification of 1 OLD MILL LANE has not materially changed since April 2021.

How Large is 1 OLD MILL LANE?

1 OLD MILL LANE is 98m², which includes one extension, according to the EPC inspection conducted in May 2023. This puts it in the smallest 50% of detached houses houses in Horncastle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horncastle, and where 1 OLD MILL LANE lies on this distribution: 48% of detached houses houses are smaller than 1 OLD MILL LANE, and 52% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

1 OLD MILL LANE: Plot and Title Map

1 OLD MILL LANE sits on a plot of roughly 0.044 of an acre, or 178m². The below map shows the location of 1 OLD 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 OLD 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 OLD MILL LANE?

1 OLD MILL LANE is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 1 on OLD MILL LANE.