2, MILL LANE, STRATTON, DORCHESTER, DT2 9RX - £467,000

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 small extended detached house of 107m², built sometime between 1976 and 1982. It was last sold for £467,000 in March 2018, which was around 10% above the average March 2018 detached price in the Dorset local authority area. The most recent EPC inspection was September 2017, where the current energy rating was C, and the potential energy rating was B.

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 Dorset local authority area for the corresponding sale date. Two of the three 2 MILL LANE 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
2018 1 MAR	£467,000	£423,562	10% above HPI
2011 16 NOV	£337,500	£320,014	5% above HPI
2004 22 DEC	£250,000	£283,644	12% below HPI

2 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The three 2 MILL LANE sales between December 2004 and March 2018 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 November 2011 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the March 2018 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 2 MILL LANE?

2 MILL LANE is 107m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the smallest 30% of detached houses in Stratton, based on EPC data. The below chart shows the distribution of detached houses by size in Stratton, and where 2 MILL LANE lies on this distribution: 26% of detached houses are smaller than 2 MILL LANE, and 74% of houses are larger. Note that EPC data is not available for all properties in Stratton.

2 MILL LANE: Plot and Title Map

2 MILL LANE sits on a plot of roughly 0.239 of an acre, or 968m². 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 STRATTON, in the DT2 postcode district. The below map shows the position of No. 2 on MILL LANE.