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

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.

12A MILL LANE is a very large extended detached house of 202m², built sometime between 2003 and 2006, which could now be worth an estimated £455,550. It was last sold for £369,995 in June 2018, which was around 50% 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	£245,891	50% above HPI
1996 29 JAN	£41,500	£58,611	29% 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 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the June 2018 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

What might 12A MILL LANE be worth now?

12A MILL LANE might now be worth an estimated £455,550.

This is based on house price inflation of 23.1%, between June 2018 and February 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.1% inflationary increase is applied to the most recent sale price for 12A MILL LANE of £369,995 on 29th June 2018. For the value to have increased from £369,995 to £455,550 over the seven years and four months to February 2025, the following assumptions must hold true:

• The value of 12A MILL LANE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The June 2018 sale price of £369,995 represented a fair market value for the property.
• The size, condition, and specification of 12A MILL LANE has not materially changed since June 2018.

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 houses in Martin, based on EPC data. The below chart shows the distribution of detached houses houses by size in Martin, and where 12A MILL LANE lies on this distribution: 82% of detached houses 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.