5, MILL LANE, THIMBLEBY, HORNCASTLE, LN9 5JS - £218,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 MILL LANE is a small detached house of 99m², built sometime between 1967 and 1975, which could now be worth an estimated £303,834. It was last sold for £218,000 in June 2017, which was around 6% above the average June 2017 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was C.

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 East Lindsey local authority area for the corresponding sale date. One of the two 5 MILL LANE sales was for above the average price, whilst the other was 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
2017 6 JUN	£218,000	£205,385	6% above HPI
2004 14 DEC	£154,000	£172,197	11% 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 two 5 MILL LANE sales from December 2004 and June 2017 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 2004 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the June 2017 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 5 MILL LANE be worth now?

5 MILL LANE might now be worth an estimated £303,834.

This is based on house price inflation of 39.4%, between June 2017 and February 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 39.4% inflationary increase is applied to the most recent sale price for 5 MILL LANE of £218,000 on 6th June 2017. For the value to have increased from £218,000 to £303,834 over the eight years and four months to February 2025, the following assumptions must hold true:

• The value of 5 MILL LANE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The June 2017 sale price of £218,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MILL LANE has not materially changed since June 2017.

How Large is 5 MILL LANE?

5 MILL LANE is 99m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 30% of detached houses houses in Thimbleby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thimbleby, and where 5 MILL LANE lies on this distribution: 21% of detached houses houses are smaller than 5 MILL LANE, and 79% of houses are larger. Note that EPC data is not available for all properties in Thimbleby.

5 MILL LANE: Plot and Title Map

5 MILL LANE sits on a plot of roughly 0.190 of an acre, or 770m². 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 THIMBLEBY, in the LN9 postcode district. The below map shows the position of No. 5 on MILL LANE.