2, MILL LANE, CLOPHILL, BEDFORD, MK45 4BX - £1,100,000

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 LANE is a small extended detached house of 138m², built sometime before 1900. It was last sold for £1,100,000 in December 2020, which was around 119% above the average December 2020 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was November 2016, where the current energy rating was E, and the potential energy rating was C.

2 MILL LANE Sold Prices

Land registry data shows four sales for 2 MILL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Central Bedfordshire local authority area for the corresponding sale date. All of the four 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
2020 18 DEC	£1,100,000	£502,933	119% above HPI
2017 24 MAR	£775,000	£477,969	62% above HPI
2006 26 JUL	£450,000	£306,550	47% above HPI
1999 24 JUN	£191,050	£137,723	39% above HPI

2 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The four 2 MILL LANE sales between June 1999 and December 2020 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 March 2017 sale was for 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the December 2020 sale, where it rises to 119% above the HPI. The line then continues to track at 119% above the HPI.

How Large is 2 MILL LANE?

2 MILL LANE is 138m², which includes two extensions, according to the EPC inspection conducted in November 2016. This puts it in the smallest 40% of detached houses in Clophill, based on EPC data. The below chart shows the distribution of detached houses by size in Clophill, and where 2 MILL LANE lies on this distribution: 40% of detached houses are smaller than 2 MILL LANE, and 59% of houses are larger. Note that EPC data is not available for all properties in Clophill.

2 MILL LANE: Plot and Title Map

2 MILL LANE sits on a plot of roughly 0.539 of an acre, or 2,182m². 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 CLOPHILL, in the MK45 postcode district. The below map shows the position of No. 2 on MILL LANE.