14, MILL LANE, MARTIN, LINCOLN, LN4 3QZ - £420,000

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.

14 MILL LANE is a large extended detached house of 162m², built sometime before 1900, which could now be worth an estimated £433,554. It was last sold for £420,000 in May 2024, which was around 43% above the average May 2024 detached price in the North Kesteven local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

14 MILL LANE Sold Prices

Land registry data shows four sales for 14 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 Kesteven local authority area for the corresponding sale date. All of the four 14 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
2024 24 MAY	£420,000	£293,284	43% above HPI
2021 27 JUL	£409,000	£272,288	50% above HPI
2016 1 JUL	£225,000	£220,434	2% above HPI
1995 22 DEC	£66,500	£60,374	10% above HPI

14 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 four 14 MILL LANE sales between December 1995 and May 2024 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 July 2021 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the May 2024 sale, where it falls to 43% above the HPI. The line then continues to track at 43% above the HPI.

What might 14 MILL LANE be worth now?

14 MILL LANE might now be worth an estimated £433,554.

This is based on house price inflation of 3.2%, between May 2024 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 3.2% inflationary increase is applied to the most recent sale price for 14 MILL LANE of £420,000 on 24th May 2024. For the value to have increased from £420,000 to £433,554 over the one year and three months to February 2025, the following assumptions must hold true:

• The value of 14 MILL LANE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The May 2024 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 14 MILL LANE has not materially changed since May 2024.

How Large is 14 MILL LANE?

14 MILL LANE is 162m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the largest 40% 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 14 MILL LANE lies on this distribution: 67% of detached houses houses are smaller than 14 MILL LANE, and 33% of houses are larger. Note that EPC data is not available for all properties in Martin.

14 MILL LANE: Plot and Title Map

14 MILL LANE sits on a plot of roughly 0.263 of an acre, or 1,064m². The below map shows the location of 14 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 14 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 14 MILL LANE?

14 MILL LANE is located in MARTIN, in the LN4 postcode district. The below map shows the position of No. 14 on MILL LANE.