2, MILL LANE, TEAN, STOKE-ON-TRENT, ST10 4LL - £65,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 MILL LANE is a very small extended terraced house of 56m², built sometime before 1900, which could now be worth an estimated £86,278. It was last sold for £65,000 in August 2018, which was around 45% below the average August 2018 terraced price in the Staffordshire Moorlands local authority area. The most recent EPC inspection was June 2018, where the current energy rating was F, and the potential energy rating was C.

2 MILL LANE Sold Prices

Land registry data shows two sales for 2 MILL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Staffordshire Moorlands local authority area for the corresponding sale date. Both of the two 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
2018 16 AUG	£65,000	£118,713	45% below HPI
2006 21 JUL	£60,000	£102,105	41% below HPI

2 MILL LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Staffordshire Moorlands local authority area over time, sourced from the HPI. The two 2 MILL LANE sales from July 2006 and August 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 July 2006 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the August 2018 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

What might 2 MILL LANE be worth now?

2 MILL LANE might now be worth an estimated £86,278.

This is based on house price inflation of 32.7%, between August 2018 and July 2025, for terraced houses, in the Staffordshire Moorlands local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.7% inflationary increase is applied to the most recent sale price for 2 MILL LANE of £65,000 on 16th August 2018. For the value to have increased from £65,000 to £86,278 over the seven years and one month to July 2025, the following assumptions must hold true:

• The value of 2 MILL LANE has moved in line with the HPI for terraced houses in the Staffordshire Moorlands local authority area.
• The August 2018 sale price of £65,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MILL LANE has not materially changed since August 2018.

How Large is 2 MILL LANE?

2 MILL LANE is 56m², which includes one extension, according to the EPC inspection conducted in June 2018. This puts it in the smallest 10% of terraced houses houses in Lower Tean, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Lower Tean, and where 2 MILL LANE lies on this distribution: 2% of terraced houses houses are smaller than 2 MILL LANE, and 98% of houses are larger. Note that EPC data is not available for all properties in Lower Tean.

2 MILL LANE: Plot and Title Map

2 MILL LANE sits on a plot of roughly 0.049 of an acre, or 199m². 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 TEAN, in the ST10 postcode district. The below map shows the position of No. 2 on MILL LANE.