12, MILL LANE, HEATHER, COALVILLE, LE67 2QE - £280,000

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

12 MILL LANE is a very large detached house of 150m², built sometime from 2007 onwards. It was last sold for £280,000 in March 2015, which was around 20% above the average March 2015 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

12 MILL LANE Sold Prices

Land registry data shows four sales for 12 MILL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North West Leicestershire local authority area for the corresponding sale date. All of the four 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
2015 6 MAR	£280,000	£233,263	20% above HPI
2010 20 OCT	£285,000	£207,226	38% above HPI
2008 18 JAN	£340,000	£227,567	49% above HPI
2007 25 SEP	£280,000	£230,464	21% above HPI

12 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The four 12 MILL LANE sales between September 2007 and March 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 October 2010 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the March 2015 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is 12 MILL LANE?

12 MILL LANE is 150m² according to the EPC inspection conducted in August 2020. This puts it in the largest 20% of detached houses in Heather, based on EPC data. The below chart shows the distribution of detached houses by size in Heather, and where 12 MILL LANE lies on this distribution: 88% of detached houses are smaller than 12 MILL LANE, and 12% of houses are larger. Note that EPC data is not available for all properties in Heather.

12 MILL LANE: Plot and Title Map

12 MILL LANE sits on a plot of roughly 0.083 of an acre, or 336m². 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 HEATHER, in the LE67 postcode district. The below map shows the position of No. 12 on MILL LANE.