5, MILL RISE, WELLINGORE, LINCOLN, LN5 0DU - £350,000

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 RISE is a small detached house of 91m², built sometime between 1983 and 1990. It was last sold for £350,000 in March 2023, which was around 14% above the average March 2023 detached price in the North Kesteven local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

5 MILL RISE Sold Prices

Land registry data shows two sales for 5 MILL RISE 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 5 MILL RISE sales were for above 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
2023 15 MAR	£350,000	£308,075	14% above HPI
2019 8 OCT	£260,000	£257,655	1% above HPI

5 MILL RISE 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 5 MILL RISE sales from October 2019 and March 2023 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 October 2019 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the March 2023 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is 5 MILL RISE?

5 MILL RISE is 91m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 30% of detached houses in Wellingore, based on EPC data. The below chart shows the distribution of detached houses by size in Wellingore, and where 5 MILL RISE lies on this distribution: 23% of detached houses are smaller than 5 MILL RISE, and 76% of houses are larger. Note that EPC data is not available for all properties in Wellingore.

5 MILL RISE: Plot and Title Map

5 MILL RISE sits on a plot of roughly 0.095 of an acre, or 384m². The below map shows the location of 5 MILL RISE, 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 RISE). 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 RISE?

5 MILL RISE is located in WELLINGORE, in the LN5 postcode district. The below map shows the position of No. 5 on MILL RISE.