40, MILL LANE, COTGRAVE, NOTTINGHAM, NG12 3HP - £192,500

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

40 MILL LANE is a very small detached house of 74m², built sometime between 1976 and 1982. It was last sold for £192,500 in October 2014, which was around 36% below the average October 2014 detached price in the Rushcliffe local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was C.

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 Rushcliffe 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
2014 22 OCT	£192,500	£299,767	36% below HPI
2006 7 DEC	£162,000	£273,059	41% below HPI

40 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rushcliffe local authority area over time, sourced from the HPI. The two 40 MILL LANE sales from December 2006 and October 2014 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 2006 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the October 2014 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 40 MILL LANE?

40 MILL LANE is 74m² according to the EPC inspection conducted in July 2011. This puts it in the smallest 10% of detached houses in Cotgrave, based on EPC data. The below chart shows the distribution of detached houses by size in Cotgrave, and where 40 MILL LANE lies on this distribution: 10% of detached houses are smaller than 40 MILL LANE, and 90% of houses are larger. Note that EPC data is not available for all properties in Cotgrave.

40 MILL LANE: Plot and Title Map

40 MILL LANE sits on a plot of roughly 0.076 of an acre, or 308m². 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 COTGRAVE, in the NG12 postcode district. The below map shows the position of No. 40 on MILL LANE.