28, MILL LANE, GOSBERTON, SPALDING, PE11 4NN - £70,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

28 MILL LANE is a large extended detached house of 122m², built sometime between 1976 and 1982. It was last sold for £70,000 in May 2000, which was around 11% below the average May 2000 detached price in the South Holland local authority area. The most recent EPC inspection was August 2013, where the current energy rating was E, and the potential energy rating was C.

28 MILL LANE Sold Prices

Land registry data shows two sales for 28 MILL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. Both of the two 28 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
2000 12 MAY	£70,000	£78,776	11% below HPI
1997 15 AUG	£50,000	£58,178	14% below HPI

28 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Holland local authority area over time, sourced from the HPI. The two 28 MILL LANE sales from August 1997 and May 2000 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 August 1997 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the May 2000 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 28 MILL LANE?

28 MILL LANE is 122m², which includes one extension, according to the EPC inspection conducted in August 2013. This puts it in the largest 40% of detached houses in Gosberton, based on EPC data. The below chart shows the distribution of detached houses by size in Gosberton, and where 28 MILL LANE lies on this distribution: 60% of detached houses are smaller than 28 MILL LANE, and 39% of houses are larger. Note that EPC data is not available for all properties in Gosberton.

28 MILL LANE: Plot and Title Map

28 MILL LANE sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 28 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 28 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 28 MILL LANE?

28 MILL LANE is located in GOSBERTON, in the PE11 postcode district. The below map shows the position of No. 28 on MILL LANE.