45B, MILL LANE, CODNOR, RIPLEY, DE5 9QF - £157,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

45B MILL LANE is a small detached house of 89m², built sometime between 1983 and 1990, which could now be worth an estimated £295,020. It was last sold for £157,500 in June 2012, which was around 13% below the average June 2012 detached price in the Amber Valley local authority area. The most recent EPC inspection was January 2012, where the current energy rating was E, and the potential energy rating was D.

45B MILL LANE Sold Prices

Land registry data shows three sales for 45B 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 Amber Valley local authority area for the corresponding sale date. All of the three 45B 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
2012 1 JUN	£157,500	£181,450	13% below HPI
2004 26 JAN	£132,500	£154,947	14% below HPI
1997 18 APR	£52,500	£62,835	16% below HPI

45B MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Amber Valley local authority area over time, sourced from the HPI. The three 45B MILL LANE sales between April 1997 and June 2012 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 January 2004 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the June 2012 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 45B MILL LANE be worth now?

45B MILL LANE might now be worth an estimated £295,020.

This is based on house price inflation of 87.3%, between June 2012 and February 2025, for detached houses, in the Amber Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 87.3% inflationary increase is applied to the most recent sale price for 45B MILL LANE of £157,500 on 1st June 2012. For the value to have increased from £157,500 to £295,020 over the thirteen years and four months to February 2025, the following assumptions must hold true:

• The value of 45B MILL LANE has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The June 2012 sale price of £157,500 represented a fair market value for the property.
• The size, condition, and specification of 45B MILL LANE has not materially changed since June 2012.

How Large is 45B MILL LANE?

45B MILL LANE is 89m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 40% of detached houses houses in Ripley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ripley, and where 45B MILL LANE lies on this distribution: 37% of detached houses houses are smaller than 45B MILL LANE, and 63% of houses are larger. Note that EPC data is not available for all properties in Ripley.

45B MILL LANE: Plot and Title Map

45B MILL LANE sits on a plot of roughly 0.098 of an acre, or 395m². The below map shows the location of 45B 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 45B 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 45B MILL LANE?

45B MILL LANE is located in CODNOR, in the DE5 postcode district. The below map shows the position of No. 45B on MILL LANE.