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

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

16A MILL LANE is a very large extended detached house of 200m², built sometime from 2007 onwards. It was last sold for £575,000 in June 2021, which was around 109% 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	£275,516	109% above HPI
2011 4 NOV	£275,000	£180,290	53% 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 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the June 2021 sale, where it rises to 109% above the HPI. The line then continues to track at 109% above the HPI.

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 in Martin, based on EPC data. The below chart shows the distribution of detached houses by size in Martin, and where 16A MILL LANE lies on this distribution: 81% of detached 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 0.186 of an acre, or 753m². 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.