16A, MILL LANE, MARTIN, LINCOLN, LN4 3QZ - £575,000

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.

16A MILL LANE is a very large extended detached house of 200m², built sometime from 2007 onwards, which could now be worth an estimated £639,941. It was last sold for £575,000 in June 2021, which was around 111% above the average June 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was January 2019, where the current energy rating was B, and the potential energy rating was B.

16A MILL LANE Sold Prices

Land registry data shows two sales for 16A 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 North Kesteven local authority area for the corresponding sale date. Both of the two 16A 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
2021 30 JUN	£575,000	£272,026	111% above HPI
2011 4 NOV	£275,000	£178,006	54% above HPI

16A 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 two 16A MILL LANE sales from November 2011 and June 2021 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 November 2011 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the June 2021 sale, where it rises to 111% above the HPI. The line then continues to track at 111% above the HPI.

What might 16A MILL LANE be worth now?

16A MILL LANE might now be worth an estimated £639,941.

This is based on house price inflation of 11.3%, between June 2021 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 11.3% inflationary increase is applied to the most recent sale price for 16A MILL LANE of £575,000 on 30th June 2021. For the value to have increased from £575,000 to £639,941 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 16A MILL LANE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The June 2021 sale price of £575,000 represented a fair market value for the property.
• The size, condition, and specification of 16A MILL LANE has not materially changed since June 2021.

How Large is 16A MILL LANE?

16A MILL LANE is 200m², which includes one extension, according to the EPC inspection conducted in January 2019. This puts it in the largest 20% 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 16A MILL LANE lies on this distribution: 81% of detached houses houses are smaller than 16A MILL LANE, and 19% of houses are larger. Note that EPC data is not available for all properties in Martin.

16A MILL LANE: Plot and Title Map

16A MILL LANE sits on a plot of roughly 0.180 of an acre, or 728m². The below map shows the location of 16A 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 16A 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 16A MILL LANE?

16A MILL LANE is located in MARTIN, in the LN4 postcode district. The below map shows the position of No. 16A on MILL LANE.