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

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.

16 MILL LANE is a very small extended detached house of 69m², built sometime before 1900, which could now be worth an estimated £403,800. It was last sold for £330,000 in February 2017, which was around 56% 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	£752,581	56% below HPI
2004 24 AUG	£272,500	£442,905	38% 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 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the February 2017 sale, where it falls to 56% below the HPI. The line then continues to track at 56% below the HPI.

What might 16 MILL LANE be worth now?

16 MILL LANE might now be worth an estimated £403,800.

This is based on house price inflation of 22.4%, between February 2017 and February 2025, for detached houses, in the Waverley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.4% inflationary increase is applied to the most recent sale price for 16 MILL LANE of £330,000 on 10th February 2017. For the value to have increased from £330,000 to £403,800 over the eight years to February 2025, the following assumptions must hold true:

• The value of 16 MILL LANE has moved in line with the HPI for detached houses in the Waverley local authority area.
• The February 2017 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MILL LANE has not materially changed since February 2017.

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 houses in Godalming, based on EPC data. The below chart shows the distribution of detached houses houses by size in Godalming, and where 16 MILL LANE lies on this distribution: 6% of detached houses houses are smaller than 16 MILL LANE, and 94% 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.