12, MILL LANE, CROXTON KERRIAL, GRANTHAM, NG32 1RA - £57,000

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.

12 MILL LANE is a small extended semi-detached house of 92m², built sometime between 1983 and 1990, which could now be worth an estimated £249,396. It was last sold for £57,000 in August 1998, which was around 2% above the average August 1998 semi-detached price in the Melton local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was C.

12 MILL LANE Sold Prices

Land registry data shows two sales for 12 MILL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Melton local authority area for the corresponding sale date. Both of the two 12 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
1998 28 AUG	£57,000	£56,052	2% above HPI
1996 5 JAN	£49,995	£46,729	7% above HPI

12 MILL LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Melton local authority area over time, sourced from the HPI. The two 12 MILL LANE sales from January 1996 and August 1998 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 January 1996 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the August 1998 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 12 MILL LANE be worth now?

12 MILL LANE might now be worth an estimated £249,396.

This is based on house price inflation of 337.5%, between August 1998 and February 2025, for semi-detached houses, in the Melton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 337.5% inflationary increase is applied to the most recent sale price for 12 MILL LANE of £57,000 on 28th August 1998. For the value to have increased from £57,000 to £249,396 over the 27 years and six months to February 2025, the following assumptions must hold true:

• The value of 12 MILL LANE has moved in line with the HPI for semi-detached houses in the Melton local authority area.
• The August 1998 sale price of £57,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MILL LANE has not materially changed since August 1998.

How Large is 12 MILL LANE?

12 MILL LANE is 92m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the smallest 30% of semi-detached houses houses in Croxton Kerrial, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Croxton Kerrial, and where 12 MILL LANE lies on this distribution: 30% of semi-detached houses houses are smaller than 12 MILL LANE, and 70% of houses are larger. Note that EPC data is not available for all properties in Croxton Kerrial.

12 MILL LANE: Plot and Title Map

12 MILL LANE sits on a plot of roughly 0.048 of an acre, or 194m². The below map shows the location of 12 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 12 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 12 MILL LANE?

12 MILL LANE is located in CROXTON KERRIAL, in the NG32 postcode district. The below map shows the position of No. 12 on MILL LANE.