32, MILL LANE, GOSBERTON, SPALDING, PE11 4NN - £220,000

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.

32 MILL LANE is a small extended detached house of 100m², built sometime between 1976 and 1982, which could now be worth an estimated £240,766. It was last sold for £220,000 in June 2021, which was around 13% below the average June 2021 detached price in the South Holland local authority area. The most recent EPC inspection was March 2021, where the current energy rating was D, and the potential energy rating was B.

32 MILL LANE Sold Prices

Land registry data shows two sales for 32 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 32 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
2021 14 JUN	£220,000	£254,185	13% below HPI
1999 21 APR	£59,995	£69,536	14% below HPI

32 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 32 MILL LANE sales from April 1999 and June 2021 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 April 1999 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the June 2021 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 32 MILL LANE be worth now?

32 MILL LANE might now be worth an estimated £240,766.

This is based on house price inflation of 9.4%, between June 2021 and February 2025, for detached houses, in the South Holland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.4% inflationary increase is applied to the most recent sale price for 32 MILL LANE of £220,000 on 14th June 2021. For the value to have increased from £220,000 to £240,766 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 32 MILL LANE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The June 2021 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 32 MILL LANE has not materially changed since June 2021.

How Large is 32 MILL LANE?

32 MILL LANE is 100m², which includes one extension, according to the EPC inspection conducted in March 2021. This puts it in the smallest 40% of detached houses houses in Gosberton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gosberton, and where 32 MILL LANE lies on this distribution: 38% of detached houses houses are smaller than 32 MILL LANE, and 61% of houses are larger. Note that EPC data is not available for all properties in Gosberton.

32 MILL LANE: Plot and Title Map

32 MILL LANE sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of 32 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 32 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 32 MILL LANE?

32 MILL LANE is located in GOSBERTON, in the PE11 postcode district. The below map shows the position of No. 32 on MILL LANE.