16, MILL LANE, GODALMING, GU7 1EY - £330,000

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 69m², built sometime before 1900. It was last sold for £330,000 in February 2017, which was around 54% below the average February 2017 detached price in the Waverley local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

16 MILL LANE Sold Prices

Land registry data shows two sales for 16 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 Waverley local authority area for the corresponding sale date. Both of the two 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
2017 10 FEB	£330,000	£714,026	54% below HPI
2004 24 AUG	£272,500	£420,215	35% below HPI

16 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Waverley local authority area over time, sourced from the HPI. The two 16 MILL LANE sales from August 2004 and February 2017 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 August 2004 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the February 2017 sale, where it falls to 54% below the HPI. The line then continues to track at 54% below the HPI.

How Large is 16 MILL LANE?

16 MILL LANE is 69m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of detached houses in Godalming, based on EPC data. The below chart shows the distribution of detached houses by size in Godalming, and where 16 MILL LANE lies on this distribution: 6% of detached houses are smaller than 16 MILL LANE, and 93% of houses are larger. Note that EPC data is not available for all properties in Godalming.

16 MILL LANE: Plot and Title Map

16 MILL LANE sits on a plot of roughly 0.014 of an acre, or 58m². 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 GODALMING, in the GU7 postcode district. The below map shows the position of No. 16 on MILL LANE.