11, MILL LANE, HOGSTHORPE, SKEGNESS, PE24 5NF - £225,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

11 MILL LANE is a small detached house of 65m², built sometime between 2003 and 2006. It was last sold for £225,000 in August 2023, which was around 20% below the average August 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was C.

11 MILL LANE Sold Prices

Land registry data shows two sales for 11 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 11 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
2023 11 AUG	£225,000	£281,984	20% below HPI
2015 8 APR	£125,000	£176,599	29% below HPI

11 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 11 MILL LANE sales from April 2015 and August 2023 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 April 2015 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the August 2023 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 LANE?

11 MILL LANE is 65m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 30% of detached houses in Hogsthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Hogsthorpe, and where 11 MILL LANE lies on this distribution: 23% of detached houses are smaller than 11 MILL LANE, and 76% of houses are larger. Note that EPC data is not available for all properties in Hogsthorpe.

11 MILL LANE: Plot and Title Map

11 MILL LANE sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of 11 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 11 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 11 MILL LANE?

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