5, MILL LANE, HOGSTHORPE, SKEGNESS, PE24 5NF - £130,000

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

5 MILL LANE is a large extended detached house of 86m², built sometime before 1900. It was last sold for £130,000 in January 2015, which was around 25% below the average January 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2016, where the current energy rating was F, and the potential energy rating was B.

5 MILL LANE Sold Prices

Land registry data shows three sales for 5 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 East Lindsey local authority area for the corresponding sale date. All of the three 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
2015 19 JAN	£130,000	£174,154	25% below HPI
2009 18 DEC	£85,000	£163,724	48% below HPI
1997 27 SEP	£18,000	£62,540	71% below HPI

5 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The three 5 MILL LANE sales between September 1997 and January 2015 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 2009 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the January 2015 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 5 MILL LANE?

5 MILL LANE is 86m², which includes two extensions, according to the EPC inspection conducted in October 2016. This puts it in the largest 40% of detached houses in Hogsthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Hogsthorpe, and where 5 MILL LANE lies on this distribution: 61% of detached houses are smaller than 5 MILL LANE, and 38% of houses are larger. Note that EPC data is not available for all properties in Hogsthorpe.

5 MILL LANE: Plot and Title Map

5 MILL LANE sits on a plot of roughly 0.045 of an acre, or 182m². 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 HOGSTHORPE, in the PE24 postcode district. The below map shows the position of No. 5 on MILL LANE.