10, MILL LANE, BUTTERWICK, BOSTON, PE22 0JE - £215,000

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

10 MILL LANE is a small detached house of 79m², built sometime between 1967 and 1975. It was last sold for £215,000 in November 2021, which was around 12% below the average November 2021 detached price in the Boston local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was B.

10 MILL LANE Sold Prices

Land registry data shows two sales for 10 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 Boston local authority area for the corresponding sale date. Both of the two 10 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 12 NOV	£215,000	£244,460	12% below HPI
2010 11 JUN	£135,000	£163,033	17% below HPI

10 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Boston local authority area over time, sourced from the HPI. The two 10 MILL LANE sales from June 2010 and November 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 June 2010 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the November 2021 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 10 MILL LANE?

10 MILL LANE is 79m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 30% of detached houses in Butterwick, based on EPC data. The below chart shows the distribution of detached houses by size in Butterwick, and where 10 MILL LANE lies on this distribution: 26% of detached houses are smaller than 10 MILL LANE, and 73% of houses are larger. Note that EPC data is not available for all properties in Butterwick.

10 MILL LANE: Plot and Title Map

10 MILL LANE sits on a plot of roughly 0.142 of an acre, or 574m². The below map shows the location of 10 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 10 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 10 MILL LANE?

10 MILL LANE is located in BUTTERWICK, in the PE22 postcode district. The below map shows the position of No. 10 on MILL LANE.