6, MILL LANE, CROXTON KERRIAL, GRANTHAM, NG32 1RA - £158,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

6 MILL LANE is a very small detached house of 83m², built sometime between 1991 and 1995, which could now be worth an estimated £269,846. It was last sold for £158,000 in March 2010, which was around 32% below the average March 2010 detached price in the Melton local authority area. The most recent EPC inspection was June 2009, where the current energy rating was E, and the potential energy rating was D.

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 detached price in the Melton 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
2010 12 MAR	£158,000	£233,957	32% below HPI
2003 22 AUG	£126,500	£196,496	36% below HPI
1999 25 JUN	£72,000	£101,035	29% below HPI
1996 11 OCT	£59,995	£92,746	35% below HPI

6 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Melton local authority area over time, sourced from the HPI. The four 6 MILL LANE sales between October 1996 and March 2010 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 2003 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the March 2010 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 6 MILL LANE be worth now?

6 MILL LANE might now be worth an estimated £269,846.

This is based on house price inflation of 70.8%, between March 2010 and February 2025, for detached houses, in the Melton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 70.8% inflationary increase is applied to the most recent sale price for 6 MILL LANE of £158,000 on 12th March 2010. For the value to have increased from £158,000 to £269,846 over the fifteen years and one month to February 2025, the following assumptions must hold true:

• The value of 6 MILL LANE has moved in line with the HPI for detached houses in the Melton local authority area.
• The March 2010 sale price of £158,000 represented a fair market value for the property.
• The size, condition, and specification of 6 MILL LANE has not materially changed since March 2010.

How Large is 6 MILL LANE?

6 MILL LANE is 83m² according to the EPC inspection conducted in June 2009. This puts it in the smallest 20% of detached houses houses in Croxton Kerrial, based on EPC data. The below chart shows the distribution of detached houses houses by size in Croxton Kerrial, and where 6 MILL LANE lies on this distribution: 15% of detached houses houses are smaller than 6 MILL LANE, and 85% of houses are larger. Note that EPC data is not available for all properties in Croxton Kerrial.

6 MILL LANE: Plot and Title Map

6 MILL LANE sits on a plot of roughly 0.068 of an acre, or 277m². 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 CROXTON KERRIAL, in the NG32 postcode district. The below map shows the position of No. 6 on MILL LANE.