53, MILL LANE, WOODHALL SPA, LN10 6QZ - £220,000

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

53 MILL LANE is a midsized extended detached house of 113m², built sometime between 1967 and 1975. It was last sold for £220,000 in July 2015, which was around 21% above the average July 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2011, where the current energy rating was C, and the potential energy rating was C.

53 MILL LANE Sold Prices

Land registry data shows four sales for 53 MILL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Most of the four 53 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 3 JUL	£220,000	£181,933	21% above HPI
2006 22 AUG	£163,000	£176,973	8% below HPI
2006 21 FEB	£153,500	£167,207	8% below HPI
1999 15 JUN	£50,500	£66,527	24% below HPI

53 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 four 53 MILL LANE sales between June 1999 and July 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 August 2006 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the July 2015 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is 53 MILL LANE?

53 MILL LANE is 113m², which includes two extensions, according to the EPC inspection conducted in July 2011. This puts it in the smallest 50% of detached houses in Woodhall Spa, based on EPC data. The below chart shows the distribution of detached houses by size in Woodhall Spa, and where 53 MILL LANE lies on this distribution: 43% of detached houses are smaller than 53 MILL LANE, and 57% of houses are larger. Note that EPC data is not available for all properties in Woodhall Spa.

53 MILL LANE: Plot and Title Map

53 MILL LANE sits on a plot of roughly 0.147 of an acre, or 596m². The below map shows the location of 53 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 53 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 53 MILL LANE?

53 MILL LANE is located in WOODHALL SPA, in the LN10 postcode district. The below map shows the position of No. 53 on MILL LANE.