2, MILL FIELDS, BASSINGHAM, LINCOLN, LN5 9NP - £565,000

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

2 MILL FIELDS is a very large detached house of 349m², built sometime between 1996 and 2002. It was last sold for £565,000 in October 2014, which was around 176% above the average October 2014 detached price in the North Kesteven local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was C.

2 MILL FIELDS Sold Prices

Land registry data shows three sales for 2 MILL FIELDS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Two of the three 2 MILL FIELDS sales were for above the average price, whilst one was 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
2014 8 OCT	£565,000	£204,340	176% above HPI
2001 6 SEP	£280,000	£89,607	212% above HPI
1996 29 OCT	£30,000	£63,162	53% below HPI

2 MILL FIELDS 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 three 2 MILL FIELDS sales between October 1996 and October 2014 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 September 2001 sale was for 212% above the HPI. So the extrapolation line tracks at 212% above the HPI over time, until the October 2014 sale, where it falls to 176% above the HPI. The line then continues to track at 176% above the HPI.

How Large is 2 MILL FIELDS?

2 MILL FIELDS is 349m² according to the EPC inspection conducted in May 2014. This puts it in the largest 10% of detached houses in Bassingham, based on EPC data. The below chart shows the distribution of detached houses by size in Bassingham, and where 2 MILL FIELDS lies on this distribution: 99% of detached houses are smaller than 2 MILL FIELDS, and 1% of houses are larger. Note that EPC data is not available for all properties in Bassingham.

2 MILL FIELDS: Plot and Title Map

2 MILL FIELDS sits on a plot of roughly 0.292 of an acre, or 1,181m². The below map shows the location of 2 MILL FIELDS, 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 2 MILL FIELDS). 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 2 MILL FIELDS?

2 MILL FIELDS is located in BASSINGHAM, in the LN5 postcode district. The below map shows the position of No. 2 on MILL FIELDS.