16, MILL LANE, BUTTERWICK, BOSTON, PE22 0JE - £210,000

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

16 MILL LANE is a very small extended detached house of 72m², built sometime before 1900. It was last sold for £210,000 in October 2022, which was around 22% below the average October 2022 detached price in the Boston local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was B.

16 MILL LANE Sold Prices

Land registry data shows three sales for 16 MILL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Boston local authority area for the corresponding sale date. All of the three 16 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
2022 14 OCT	£210,000	£267,981	22% below HPI
2011 21 OCT	£108,000	£162,042	33% below HPI
1995 12 MAY	£39,500	£54,047	27% below HPI

16 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 three 16 MILL LANE sales between May 1995 and October 2022 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 October 2011 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the October 2022 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 16 MILL LANE?

16 MILL LANE is 72m², which includes three extensions, according to the EPC inspection conducted in September 2022. This puts it in the smallest 20% of detached houses in Butterwick, based on EPC data. The below chart shows the distribution of detached houses by size in Butterwick, and where 16 MILL LANE lies on this distribution: 17% of detached houses are smaller than 16 MILL LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Butterwick.

16 MILL LANE: Plot and Title Map

16 MILL LANE sits on a plot of roughly 0.112 of an acre, or 454m². The below map shows the location of 16 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 16 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 16 MILL LANE?

16 MILL LANE is located in BUTTERWICK, in the PE22 postcode district. The below map shows the position of No. 16 on MILL LANE.