11, MILL CLOSE, WAINFLEET, SKEGNESS, PE24 4NY - £152,000

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

11 MILL CLOSE is a very small detached house of 54m², built sometime between 2003 and 2006. It was last sold for £152,000 in August 2016, which was around 20% below the average August 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was B.

11 MILL CLOSE Sold Prices

Land registry data shows four sales for 11 MILL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four 11 MILL CLOSE 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
2016 17 AUG	£152,000	£189,466	20% below HPI
2012 2 MAR	£110,000	£158,319	31% below HPI
2007 28 MAR	£144,950	£183,016	21% below HPI
2003 27 AUG	£112,000	£135,527	17% below HPI

11 MILL CLOSE 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 four 11 MILL CLOSE sales between August 2003 and August 2016 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 March 2012 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the August 2016 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 11 MILL CLOSE?

11 MILL CLOSE is 54m² according to the EPC inspection conducted in January 2023. This puts it in the smallest 10% of detached houses in Wainfleet All Saints, based on EPC data. The below chart shows the distribution of detached houses by size in Wainfleet All Saints, and where 11 MILL CLOSE lies on this distribution: 4% of detached houses are smaller than 11 MILL CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Wainfleet All Saints.

11 MILL CLOSE: Plot and Title Map

11 MILL CLOSE sits on a plot of roughly 0.097 of an acre, or 395m². The below map shows the location of 11 MILL CLOSE, 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 11 MILL CLOSE). 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 11 MILL CLOSE?

11 MILL CLOSE is located in WAINFLEET, in the PE24 postcode district. The below map shows the position of No. 11 on MILL CLOSE.