12A, MILL LANE, MARTIN, LINCOLN, LN4 3QZ - £369,995

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

12A MILL LANE is a very large extended detached house of 202m², built sometime between 2003 and 2006. It was last sold for £369,995 in June 2018, which was around 49% above the average June 2018 detached price in the North Kesteven local authority area. The most recent EPC inspection was May 2011, where the current energy rating was C, and the potential energy rating was C.

12A MILL LANE Sold Prices

Land registry data shows two sales for 12A 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 North Kesteven local authority area for the corresponding sale date. One of the two 12A MILL LANE sales was for above the average price, whilst the other was 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
2018 29 JUN	£369,995	£249,046	49% above HPI
1996 29 JAN	£41,500	£59,363	30% below HPI

12A 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 two 12A MILL LANE sales from January 1996 and June 2018 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 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the June 2018 sale, where it rises to 49% above the HPI. The line then continues to track at 49% above the HPI.

How Large is 12A MILL LANE?

12A MILL LANE is 202m², which includes one extension, according to the EPC inspection conducted in May 2011. This puts it in the largest 20% of detached houses in Martin, based on EPC data. The below chart shows the distribution of detached houses by size in Martin, and where 12A MILL LANE lies on this distribution: 82% of detached houses are smaller than 12A MILL LANE, and 18% of houses are larger. Note that EPC data is not available for all properties in Martin.

12A MILL LANE: Plot and Title Map

12A MILL LANE sits on a plot of roughly 0.245 of an acre, or 992m². The below map shows the location of 12A 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 12A 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 12A MILL LANE?

12A MILL LANE is located in MARTIN, in the LN4 postcode district. The below map shows the position of No. 12A on MILL LANE.