2, MILL RISE, WELLINGORE, LINCOLN, LN5 0DU - £315,000

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 RISE is a very small extended detached house of 60m², built sometime between 1976 and 1982. It was last sold for £315,000 in December 2019, which was around 22% above the average December 2019 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was C.

2 MILL RISE Sold Prices

Land registry data shows four sales for 2 MILL RISE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the four 2 MILL RISE 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
2019 6 DEC	£315,000	£258,726	22% above HPI
2007 8 JUN	£249,950	£195,434	28% above HPI
2001 11 APR	£105,000	£80,833	30% above HPI
1998 23 DEC	£93,000	£69,993	33% above HPI

2 MILL RISE 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 four 2 MILL RISE sales between December 1998 and December 2019 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 June 2007 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the December 2019 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is 2 MILL RISE?

2 MILL RISE is 60m², which includes one extension, according to the EPC inspection conducted in June 2010. This puts it in the smallest 10% of detached houses in Wellingore, based on EPC data. The below chart shows the distribution of detached houses by size in Wellingore, and where 2 MILL RISE lies on this distribution: 1% of detached houses are smaller than 2 MILL RISE, and 99% of houses are larger. Note that EPC data is not available for all properties in Wellingore.

2 MILL RISE: Plot and Title Map

2 MILL RISE sits on a plot of roughly 0.102 of an acre, or 411m². The below map shows the location of 2 MILL RISE, 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 RISE). 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 RISE?

2 MILL RISE is located in WELLINGORE, in the LN5 postcode district. The below map shows the position of No. 2 on MILL RISE.