3, MILL LANE, COTGRAVE, NOTTINGHAM, NG12 3HP - £256,000

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

3 MILL LANE is a very small extended detached house of 78m², built sometime between 1976 and 1982. It was last sold for £256,000 in November 2019, which was around 32% below the average November 2019 detached price in the Rushcliffe local authority area. The most recent EPC inspection was August 2019, where the current energy rating was A, and the potential energy rating was A.

3 MILL LANE Sold Prices

Land registry data shows three sales for 3 MILL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rushcliffe local authority area for the corresponding sale date. All of the three 3 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
2019 20 NOV	£256,000	£378,004	32% below HPI
2014 6 JUN	£190,000	£286,750	34% below HPI
2005 21 JAN	£135,000	£268,726	50% below HPI

3 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rushcliffe local authority area over time, sourced from the HPI. The three 3 MILL LANE sales between January 2005 and November 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 2014 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the November 2019 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 3 MILL LANE?

3 MILL LANE is 78m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the smallest 20% of detached houses in Cotgrave, based on EPC data. The below chart shows the distribution of detached houses by size in Cotgrave, and where 3 MILL LANE lies on this distribution: 14% of detached houses are smaller than 3 MILL LANE, and 86% of houses are larger. Note that EPC data is not available for all properties in Cotgrave.

3 MILL LANE: Plot and Title Map

3 MILL LANE sits on a plot of roughly 0.098 of an acre, or 397m². The below map shows the location of 3 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 3 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 3 MILL LANE?

3 MILL LANE is located in COTGRAVE, in the NG12 postcode district. The below map shows the position of No. 3 on MILL LANE.