40, MILL LANE, NORTH HYKEHAM, LINCOLN, LN6 9PD - £176,000

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 midsized extended detached house of 106m², built sometime between 1930 and 1949. It was last sold for £176,000 in February 2014, which was around 5% below the average February 2014 detached price in the North Kesteven local authority area. The most recent EPC inspection was February 2013, 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 North Kesteven 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 14 FEB	£176,000	£186,057	5% below HPI
1999 25 MAR	£29,500	£70,736	58% below HPI

40 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The two 40 MILL LANE sales from March 1999 and February 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 March 1999 sale was for 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the February 2014 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 40 MILL LANE?

40 MILL LANE is 106m², which includes one extension, according to the EPC inspection conducted in February 2013. This puts it in the largest 50% of detached houses in North Hykeham, based on EPC data. The below chart shows the distribution of detached houses by size in North Hykeham, and where 40 MILL LANE lies on this distribution: 52% of detached houses are smaller than 40 MILL LANE, and 46% of houses are larger. Note that EPC data is not available for all properties in North Hykeham.

40 MILL LANE: Plot and Title Map

40 MILL LANE sits on a plot of roughly 0.126 of an acre, or 509m². 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 NORTH HYKEHAM, in the LN6 postcode district. The below map shows the position of No. 40 on MILL LANE.