116, MILL LANE, WEST DERBY, LIVERPOOL, L12 7JF - £320,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

116 MILL LANE is a large detached house of 137m², built sometime between 1983 and 1990, which could now be worth an estimated £373,196. It was last sold for £320,000 in September 2021, which was around 2% above the average September 2021 detached price in the Liverpool local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was B.

116 MILL LANE Sold Prices

Land registry data shows two sales for 116 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 Liverpool local authority area for the corresponding sale date. Both of the two 116 MILL LANE sales were 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
2021 24 SEP	£320,000	£312,803	2% above HPI
2000 29 SEP	£120,000	£90,879	32% above HPI

116 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Liverpool local authority area over time, sourced from the HPI. The two 116 MILL LANE sales from September 2000 and September 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 2000 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the September 2021 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 116 MILL LANE be worth now?

116 MILL LANE might now be worth an estimated £373,196.

This is based on house price inflation of 16.6%, between September 2021 and February 2025, for detached houses, in the Liverpool local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.6% inflationary increase is applied to the most recent sale price for 116 MILL LANE of £320,000 on 24th September 2021. For the value to have increased from £320,000 to £373,196 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 116 MILL LANE has moved in line with the HPI for detached houses in the Liverpool local authority area.
• The September 2021 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 116 MILL LANE has not materially changed since September 2021.

How Large is 116 MILL LANE?

116 MILL LANE is 137m² according to the EPC inspection conducted in November 2020. This puts it in the largest 30% of detached houses houses in Liverpool, based on EPC data. The below chart shows the distribution of detached houses houses by size in Liverpool, and where 116 MILL LANE lies on this distribution: 71% of detached houses houses are smaller than 116 MILL LANE, and 29% of houses are larger. Note that EPC data is not available for all properties in Liverpool.

116 MILL LANE: Plot and Title Map

116 MILL LANE sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of 116 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 116 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 116 MILL LANE?

116 MILL LANE is located in WEST DERBY, in the L12 postcode district. The below map shows the position of No. 116 on MILL LANE.