40, MILL LANE, BURWELL, CAMBRIDGE, CB25 0HJ - £310,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

40 MILL LANE is a small detached house of 98m², built sometime between 1976 and 1982. It was last sold for £310,000 in April 2019, which was around 19% below the average April 2019 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was B.

40 MILL LANE Sold Prices

Land registry data shows two sales for 40 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 East Cambridgeshire local authority area for the corresponding sale date. Both of the two 40 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
2019 24 APR	£310,000	£384,388	19% below HPI
2011 26 SEP	£199,995	£240,098	17% below HPI

40 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Cambridgeshire local authority area over time, sourced from the HPI. The two 40 MILL LANE sales from September 2011 and April 2019 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 2011 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the April 2019 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 40 MILL LANE?

40 MILL LANE is 98m² according to the EPC inspection conducted in January 2019. This puts it in the smallest 40% of detached houses in Burwell, based on EPC data. The below chart shows the distribution of detached houses by size in Burwell, and where 40 MILL LANE lies on this distribution: 32% of detached houses are smaller than 40 MILL LANE, and 67% of houses are larger. Note that EPC data is not available for all properties in Burwell.

40 MILL LANE: Plot and Title Map

40 MILL LANE sits on a plot of roughly 0.082 of an acre, or 332m². The below map shows the location of 40 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 40 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 40 MILL LANE?

40 MILL LANE is located in BURWELL, in the CB25 postcode district. The below map shows the position of No. 40 on MILL LANE.