3, MILL LEAT LANE, GORSEINON, SWANSEA, SA4 4QE - £250,000

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.

3 MILL LEAT LANE is a large detached house of 130m², which could now be worth an estimated £316,442. It was last sold for £250,000 in September 2020, which was about the average September 2020 detached price in the Swansea local authority area. The most recent EPC inspection was May 2012, where the current energy rating was C, and the potential energy rating was C.

3 MILL LEAT LANE Sold Prices

Land registry data shows two sales for 3 MILL LEAT 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 Swansea local authority area for the corresponding sale date. One of the two 3 MILL LEAT LANE sales was roughly equal to the average price, whilst the other was 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
2020 11 SEP	£250,000	£249,204	Close to HPI
2012 9 NOV	£190,000	£194,510	2% below HPI

3 MILL LEAT LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Swansea local authority area over time, sourced from the HPI. The two 3 MILL LEAT LANE sales from November 2012 and September 2020 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 November 2012 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the September 2020 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 3 MILL LEAT LANE be worth now?

3 MILL LEAT LANE might now be worth an estimated £316,442.

This is based on house price inflation of 26.6%, between September 2020 and February 2025, for detached houses, in the Swansea local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 26.6% inflationary increase is applied to the most recent sale price for 3 MILL LEAT LANE of £250,000 on 11th September 2020. For the value to have increased from £250,000 to £316,442 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 MILL LEAT LANE has moved in line with the HPI for detached houses in the Swansea local authority area.
• The September 2020 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MILL LEAT LANE has not materially changed since September 2020.

How Large is 3 MILL LEAT LANE?

3 MILL LEAT LANE is 130m² according to the EPC inspection conducted in May 2012. This puts it in the largest 30% of detached houses houses in Gorseinon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gorseinon, and where 3 MILL LEAT LANE lies on this distribution: 77% of detached houses houses are smaller than 3 MILL LEAT LANE, and 22% of houses are larger. Note that EPC data is not available for all properties in Gorseinon.

3 MILL LEAT LANE: Plot and Title Map

3 MILL LEAT LANE sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 3 MILL LEAT 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 LEAT 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 LEAT LANE?

3 MILL LEAT LANE is located in GORSEINON, in the SA4 postcode district. The below map shows the position of No. 3 on MILL LEAT LANE.