6, MILL LANE, CODNOR, RIPLEY, DE5 9QF - £87,000

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.

6 MILL LANE is a very small extended semi-detached house of 49m², built sometime between 1976 and 1982, which could now be worth an estimated £99,245. It was last sold for £87,000 in June 2022, which was around 54% below the average June 2022 semi-detached price in the Amber Valley local authority area. The most recent EPC inspection was October 2022, where the current energy rating was E, and the potential energy rating was C.

6 MILL LANE Sold Prices

Land registry data shows four sales for 6 MILL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Amber Valley local authority area for the corresponding sale date. All of the four 6 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
2022 28 JUN	£87,000	£191,101	54% below HPI
2017 28 APR	£90,000	£143,642	37% below HPI
2005 10 MAR	£72,000	£113,650	37% below HPI
2002 6 SEP	£35,000	£69,393	50% below HPI

6 MILL LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Amber Valley local authority area over time, sourced from the HPI. The four 6 MILL LANE sales between September 2002 and June 2022 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 April 2017 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the June 2022 sale, where it falls to 54% below the HPI. The line then continues to track at 54% below the HPI.

What might 6 MILL LANE be worth now?

6 MILL LANE might now be worth an estimated £99,245.

This is based on house price inflation of 14.1%, between June 2022 and February 2025, for semi-detached houses, in the Amber Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.1% inflationary increase is applied to the most recent sale price for 6 MILL LANE of £87,000 on 28th June 2022. For the value to have increased from £87,000 to £99,245 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of 6 MILL LANE has moved in line with the HPI for semi-detached houses in the Amber Valley local authority area.
• The June 2022 sale price of £87,000 represented a fair market value for the property.
• The size, condition, and specification of 6 MILL LANE has not materially changed since June 2022.

How Large is 6 MILL LANE?

6 MILL LANE is 49m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the smallest 10% of semi-detached houses houses in Ripley, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Ripley, and where 6 MILL LANE lies on this distribution: 1% of semi-detached houses houses are smaller than 6 MILL LANE, and 99% of houses are larger. Note that EPC data is not available for all properties in Ripley.

6 MILL LANE: Plot and Title Map

6 MILL LANE sits on a plot of roughly 0.038 of an acre, or 154m². The below map shows the location of 6 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 6 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 6 MILL LANE?

6 MILL LANE is located in CODNOR, in the DE5 postcode district. The below map shows the position of No. 6 on MILL LANE.