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
3 MILL FIELD is a very small extended detached house of 49m², built sometime between 1930 and 1949. It was last sold for £79,950 in August 2009, which was around 52% below the average August 2009 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was D.
Land registry data shows two sales for 3 MILL FIELD since 1st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 3 MILL FIELD 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 |
---|---|---|---|
2009 7 AUG | £79,950 | £165,469 | 52% below HPI |
2004 16 JAN | £53,000 | £144,067 | 63% below HPI |
The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two 3 MILL FIELD sales from January 2004 and August 2009 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 January 2004 sale was for 63% below the HPI. So the extrapolation line tracks at 63% below the HPI over time, until the August 2009 sale, where it rises to 52% below the HPI. The line then continues to track at 52% below the HPI.
3 MILL FIELD is 49m², which includes one extension, according to the EPC inspection conducted in October 2008. This puts it in the smallest 10% of detached houses in Trusthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Trusthorpe, and where 3 MILL FIELD lies on this distribution: 1% of detached houses are smaller than 3 MILL FIELD, and 99% of houses are larger. Note that EPC data is not available for all properties in Trusthorpe.
3 MILL FIELD sits on a plot of roughly 0.054 of an acre, or 218m². The below map shows the location of 3 MILL FIELD, 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 3 MILL FIELD). 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.
3 MILL FIELD is located in TRUSTHORPE, in the LN12 postcode district. The below map shows the position of No. 3 on MILL FIELD.