32, MILL LANE, WOODHALL SPA, LN10 6QZ - £184,000

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

32 MILL LANE is a small extended detached house of 102m², built sometime between 1983 and 1990. It was last sold for £184,000 in September 2015, which was around 2% below the average September 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was B.

32 MILL LANE Sold Prices

Land registry data shows four sales for 32 MILL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. two of the four 32 MILL LANE sales were for below the average price, and four were for above 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
2015 7 SEP	£184,000	£187,244	2% below HPI
2007 14 SEP	£175,000	£191,268	9% below HPI
2005 9 AUG	£177,000	£168,117	5% above HPI
1997 1 JUL	£65,000	£60,466	7% above HPI

32 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The four 32 MILL LANE sales between July 1997 and September 2015 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 September 2007 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the September 2015 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 32 MILL LANE?

32 MILL LANE is 102m², which includes one extension, according to the EPC inspection conducted in July 2012. This puts it in the smallest 30% of detached houses in Woodhall Spa, based on EPC data. The below chart shows the distribution of detached houses by size in Woodhall Spa, and where 32 MILL LANE lies on this distribution: 30% of detached houses are smaller than 32 MILL LANE, and 69% of houses are larger. Note that EPC data is not available for all properties in Woodhall Spa.

32 MILL LANE: Plot and Title Map

32 MILL LANE sits on a plot of roughly 0.118 of an acre, or 477m². 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 WOODHALL SPA, in the LN10 postcode district. The below map shows the position of No. 32 on MILL LANE.