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

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 RISE is a very small extended detached house of 60m², built sometime between 1976 and 1982, which could now be worth an estimated £373,327. It was last sold for £315,000 in December 2019, which was around 23% 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	£255,449	23% above HPI
2007 8 JUN	£249,950	£192,959	30% above HPI
2001 11 APR	£105,000	£79,809	32% above HPI
1998 23 DEC	£93,000	£69,106	35% 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 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the December 2019 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 2 MILL RISE be worth now?

2 MILL RISE might now be worth an estimated £373,327.

This is based on house price inflation of 18.5%, between December 2019 and February 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.5% inflationary increase is applied to the most recent sale price for 2 MILL RISE of £315,000 on 6th December 2019. For the value to have increased from £315,000 to £373,327 over the six years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 MILL RISE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The December 2019 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MILL RISE has not materially changed since December 2019.

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 houses in Wellingore, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wellingore, and where 2 MILL RISE lies on this distribution: 1% of detached houses 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.