18, MILL LANE, GOSBERTON, SPALDING, PE11 4NN - £262,500

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

18 MILL LANE is a large extended detached house of 125m², built sometime between 1983 and 1990. It was last sold for £262,500 in December 2021, which was around 2% below the average December 2021 detached price in the South Holland local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was C.

18 MILL LANE Sold Prices

Land registry data shows two sales for 18 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 South Holland local authority area for the corresponding sale date. Both of the two 18 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
2021 21 DEC	£262,500	£268,384	2% below HPI
2007 19 JUN	£151,000	£194,892	23% below HPI

18 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Holland local authority area over time, sourced from the HPI. The two 18 MILL LANE sales from June 2007 and December 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 June 2007 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the December 2021 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 18 MILL LANE?

18 MILL LANE is 125m², which includes one extension, according to the EPC inspection conducted in October 2021. This puts it in the largest 40% of detached houses in Gosberton, based on EPC data. The below chart shows the distribution of detached houses by size in Gosberton, and where 18 MILL LANE lies on this distribution: 63% of detached houses are smaller than 18 MILL LANE, and 37% of houses are larger. Note that EPC data is not available for all properties in Gosberton.

18 MILL LANE: Plot and Title Map

18 MILL LANE sits on a plot of roughly 0.100 of an acre, or 405m². The below map shows the location of 18 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 18 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 18 MILL LANE?

18 MILL LANE is located in GOSBERTON, in the PE11 postcode district. The below map shows the position of No. 18 on MILL LANE.