34, MILL LANE, GOSBERTON, SPALDING, PE11 4NN - £275,000

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.

34 MILL LANE is a midsized extended detached house of 113m², built sometime between 1976 and 1982, which could now be worth an estimated £292,613. It was last sold for £275,000 in September 2021, which was around 5% above the average September 2021 detached price in the South Holland local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

34 MILL LANE Sold Prices

Land registry data shows two sales for 34 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. One of the two 34 MILL LANE sales was for above 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
2021 20 SEP	£275,000	£261,434	5% above HPI
1995 11 DEC	£41,000	£55,426	26% below HPI

34 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 34 MILL LANE sales from December 1995 and September 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 December 1995 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the September 2021 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 34 MILL LANE be worth now?

34 MILL LANE might now be worth an estimated £292,613.

This is based on house price inflation of 6.4%, between September 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 6.4% inflationary increase is applied to the most recent sale price for 34 MILL LANE of £275,000 on 20th September 2021. For the value to have increased from £275,000 to £292,613 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 34 MILL LANE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The September 2021 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 34 MILL LANE has not materially changed since September 2021.

How Large is 34 MILL LANE?

34 MILL LANE is 113m², which includes two extensions, according to the EPC inspection conducted in July 2021. This puts it in the largest 50% 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 34 MILL LANE lies on this distribution: 52% of detached houses houses are smaller than 34 MILL LANE, and 48% of houses are larger. Note that EPC data is not available for all properties in Gosberton.

34 MILL LANE: Plot and Title Map

34 MILL LANE sits on a plot of roughly 0.104 of an acre, or 422m². The below map shows the location of 34 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 34 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 34 MILL LANE?

34 MILL LANE is located in GOSBERTON, in the PE11 postcode district. The below map shows the position of No. 34 on MILL LANE.