4, MILL LANE, BRIDGEND, CF31 4JD - £150,000

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

4 MILL LANE is a very small extended detached house of 52m², built sometime before 1900. It was last sold for £150,000 in September 2022, which was around 53% below the average September 2022 detached price in the Bridgend local authority area. The most recent EPC inspection was May 2019, where the current energy rating was E, and the potential energy rating was B.

4 MILL LANE Sold Prices

Land registry data shows three sales for 4 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 Bridgend local authority area for the corresponding sale date. All of the three 4 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
2022 23 SEP	£150,000	£320,673	53% below HPI
2014 22 AUG	£95,000	£189,629	50% below HPI
2000 25 AUG	£47,000	£88,138	47% below HPI

4 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bridgend local authority area over time, sourced from the HPI. The three 4 MILL LANE sales between August 2000 and September 2022 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 August 2014 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the September 2022 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 4 MILL LANE?

4 MILL LANE is 52m², which includes four extensions, according to the EPC inspection conducted in May 2019. This puts it in the smallest 10% of detached houses in Bridgend, based on EPC data. The below chart shows the distribution of detached houses by size in Bridgend, and where 4 MILL LANE lies on this distribution: Less than 1% of detached houses are smaller than 4 MILL LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Bridgend.

4 MILL LANE: Plot and Title Map

4 MILL LANE sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 4 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 4 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 4 MILL LANE?

4 MILL LANE is located in BRIDGEND, in the CF31 postcode district. The below map shows the position of No. 4 on MILL LANE.