118, MILL LANE, NORTH HYKEHAM, LINCOLN, LN6 9PE - £220,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

118 MILL LANE is a small extended semi-detached house of 80m², built sometime between 1930 and 1949. It was last sold for £220,000 in January 2020, which was around 15% below the average January 2020 detached price in the North Kesteven local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was D.

118 MILL LANE Sold Prices

Land registry data shows three sales for 118 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 North Kesteven local authority area for the corresponding sale date. All of the three 118 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
2020 31 JAN	£220,000	£259,573	15% below HPI
2015 11 DEC	£144,500	£211,694	32% below HPI
2012 3 FEB	£115,000	£174,068	34% below HPI

118 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The three 118 MILL LANE sales between February 2012 and January 2020 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 December 2015 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the January 2020 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 118 MILL LANE?

118 MILL LANE is 80m², which includes two extensions, according to the EPC inspection conducted in September 2011. This puts it in the smallest 30% of detached houses in North Hykeham, based on EPC data. The below chart shows the distribution of detached houses by size in North Hykeham, and where 118 MILL LANE lies on this distribution: 23% of detached houses are smaller than 118 MILL LANE, and 77% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

118 MILL LANE: Plot and Title Map

118 MILL LANE sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 118 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 118 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 118 MILL LANE?

118 MILL LANE is located in NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 118 on MILL LANE.