15, MILL LANE, BUTTERWICK, BOSTON, PE22 0JE - £156,000

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

15 MILL LANE is a very small detached house of 68m², built sometime between 1983 and 1990. It was last sold for £156,000 in May 2015, which was around 15% below the average May 2015 detached price in the Boston local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

15 MILL LANE Sold Prices

Land registry data shows two sales for 15 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 Boston local authority area for the corresponding sale date. Both of the two 15 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
2015 1 MAY	£156,000	£183,422	15% below HPI
2014 29 JAN	£136,500	£163,636	17% below HPI

15 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Boston local authority area over time, sourced from the HPI. The two 15 MILL LANE sales from January 2014 and May 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 January 2014 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the May 2015 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 15 MILL LANE?

15 MILL LANE is 68m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 10% of detached houses in Butterwick, based on EPC data. The below chart shows the distribution of detached houses by size in Butterwick, and where 15 MILL LANE lies on this distribution: 9% of detached houses are smaller than 15 MILL LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Butterwick.

15 MILL LANE: Plot and Title Map

15 MILL LANE sits on a plot of roughly 0.151 of an acre, or 609m². The below map shows the location of 15 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 15 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 15 MILL LANE?

15 MILL LANE is located in BUTTERWICK, in the PE22 postcode district. The below map shows the position of No. 15 on MILL LANE.