11, MILL LANE, SAXILBY, LINCOLN, LN1 2QD - £170,000

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 LANE is a very small detached house of 70m², built sometime between 1930 and 1949. It was last sold for £170,000 in October 2015, which was around 14% below the average October 2015 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2010, where the current energy rating was F, and the potential energy rating was E.

11 MILL LANE Sold Prices

Land registry data shows three sales for 11 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 West Lindsey local authority area for the corresponding sale date. Two of the three 11 MILL LANE sales were for below the average price, whilst one was 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
2015 1 OCT	£170,000	£196,626	14% below HPI
2012 30 NOV	£180,000	£172,058	5% above HPI
2011 30 SEP	£91,500	£180,876	49% below HPI

11 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The three 11 MILL LANE sales between September 2011 and October 2015 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 November 2012 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the October 2015 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 11 MILL LANE?

11 MILL LANE is 70m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 10% of detached houses in Saxilby, based on EPC data. The below chart shows the distribution of detached houses by size in Saxilby, and where 11 MILL LANE lies on this distribution: 5% of detached houses are smaller than 11 MILL LANE, and 95% of houses are larger. Note that EPC data is not available for all properties in Saxilby.

11 MILL LANE: Plot and Title Map

11 MILL LANE sits on a plot of roughly 0.100 of an acre, or 403m². 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 SAXILBY, in the LN1 postcode district. The below map shows the position of No. 11 on MILL LANE.