2, MILL LANE, BILLINGHAY, LINCOLN, LN4 4ES - £235,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 MILL LANE is a very large extended detached house of 195m², built sometime between 1991 and 1995. It was last sold for £235,000 in May 2016, which was around 8% above the average May 2016 detached price in the North Kesteven local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was C.

2 MILL LANE Sold Prices

Land registry data shows three sales for 2 MILL LANE 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. All of the three 2 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
2016 24 MAY	£235,000	£217,497	8% above HPI
2005 30 SEP	£230,000	£178,724	29% above HPI
2003 14 NOV	£193,000	£149,843	29% above HPI

2 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 three 2 MILL LANE sales between November 2003 and May 2016 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 2005 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the May 2016 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 2 MILL LANE?

2 MILL LANE is 195m², which includes one extension, according to the EPC inspection conducted in January 2012. This puts it in the largest 10% of detached houses in Billinghay, based on EPC data. The below chart shows the distribution of detached houses by size in Billinghay, and where 2 MILL LANE lies on this distribution: 96% of detached houses are smaller than 2 MILL LANE, and 4% of houses are larger. Note that EPC data is not available for all properties in Billinghay.

2 MILL LANE: Plot and Title Map

2 MILL LANE sits on a plot of roughly 0.171 of an acre, or 692m². The below map shows the location of 2 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 2 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 2 MILL LANE?

2 MILL LANE is located in BILLINGHAY, in the LN4 postcode district. The below map shows the position of No. 2 on MILL LANE.