13, MILL LANE, COTTESMORE, OAKHAM, LE15 7DL - £285,000

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

13 MILL LANE is a very small extended detached house of 72m², built sometime between 1967 and 1975. It was last sold for £285,000 in March 2021, which was around 36% below the average March 2021 detached price in the Rutland local authority area. The most recent EPC inspection was December 2014, where the current energy rating was E, and the potential energy rating was A.

13 MILL LANE Sold Prices

Land registry data shows two sales for 13 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 Rutland local authority area for the corresponding sale date. Both of the two 13 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
2021 23 MAR	£285,000	£442,425	36% below HPI
2015 6 MAY	£198,000	£317,636	38% below HPI

13 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rutland local authority area over time, sourced from the HPI. The two 13 MILL LANE sales from May 2015 and March 2021 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 May 2015 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the March 2021 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 13 MILL LANE?

13 MILL LANE is 72m², which includes one extension, according to the EPC inspection conducted in December 2014. This puts it in the smallest 10% of detached houses in Cottesmore, based on EPC data. The below chart shows the distribution of detached houses by size in Cottesmore, and where 13 MILL LANE lies on this distribution: 8% of detached houses are smaller than 13 MILL LANE, and 90% of houses are larger. Note that EPC data is not available for all properties in Cottesmore.

13 MILL LANE: Plot and Title Map

13 MILL LANE sits on a plot of roughly 0.120 of an acre, or 485m². The below map shows the location of 13 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 13 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 13 MILL LANE?

13 MILL LANE is located in COTTESMORE, in the LE15 postcode district. The below map shows the position of No. 13 on MILL LANE.