5, MILL LANE, BUTTERWICK, BOSTON, PE22 0JE - £165,000

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

5 MILL LANE is a very small detached house of 63m², built sometime between 1967 and 1975. It was last sold for £165,000 in July 2018, which was around 21% below the average July 2018 detached price in the Boston local authority area. The most recent EPC inspection was November 2014, where the current energy rating was E, and the potential energy rating was B.

5 MILL LANE Sold Prices

Land registry data shows two sales for 5 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 Boston local authority area for the corresponding sale date. Both of the two 5 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
2018 20 JUL	£165,000	£207,816	21% below HPI
2015 5 MAR	£112,500	£179,333	37% below HPI

5 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Boston local authority area over time, sourced from the HPI. The two 5 MILL LANE sales from March 2015 and July 2018 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 2015 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the July 2018 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 5 MILL LANE?

5 MILL LANE is 63m² according to the EPC inspection conducted in November 2014. This puts it in the smallest 10% of detached houses in Butterwick, based on EPC data. The below chart shows the distribution of detached houses by size in Butterwick, and where 5 MILL LANE lies on this distribution: Less than 1% of detached houses are smaller than 5 MILL LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Butterwick.

5 MILL LANE: Plot and Title Map

5 MILL LANE sits on a plot of roughly 0.126 of an acre, or 508m². The below map shows the location of 5 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 5 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 5 MILL LANE?

5 MILL LANE is located in BUTTERWICK, in the PE22 postcode district. The below map shows the position of No. 5 on MILL LANE.