2, MILL LANE, SAXILBY, LINCOLN, LN1 2QD - £205,000

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 large extended detached house of 131m², built sometime between 1950 and 1966. It was last sold for £205,000 in November 2013, which was around 11% above the average November 2013 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, 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 West Lindsey local authority area for the corresponding sale date. Most of the four 2 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
2013 15 NOV	£205,000	£184,629	11% above HPI
2005 30 SEP	£140,000	£179,860	22% below HPI
2003 24 SEP	£76,000	£144,424	47% below HPI
2002 15 MAR	£46,400	£98,976	53% below HPI

2 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The four 2 MILL LANE sales between March 2002 and November 2013 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 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the November 2013 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is 2 MILL LANE?

2 MILL LANE is 131m², which includes one extension, according to the EPC inspection conducted in March 2011. This puts it in the largest 30% of detached houses in Saxilby, based on EPC data. The below chart shows the distribution of detached houses by size in Saxilby, and where 2 MILL LANE lies on this distribution: 71% of detached houses are smaller than 2 MILL LANE, and 29% of houses are larger. Note that EPC data is not available for all properties in Saxilby.

2 MILL LANE: Plot and Title Map

2 MILL LANE sits on a plot of roughly 0.125 of an acre, or 507m². 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 SAXILBY, in the LN1 postcode district. The below map shows the position of No. 2 on MILL LANE.