62, MILL LANE, BURSCOUGH, ORMSKIRK, L40 5SG - £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

62 MILL LANE is a very large detached house of 164m². It was last sold for £350,000 in September 2018, which was around 20% above the average September 2018 detached price in the West Lancashire local authority area. The most recent EPC inspection was June 2014, where the current energy rating was B, and the potential energy rating was B.

62 MILL LANE Sold Prices

Land registry data shows two sales for 62 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 West Lancashire local authority area for the corresponding sale date. Both of the two 62 MILL LANE 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
2018 11 SEP	£350,000	£292,056	20% above HPI
2014 28 NOV	£339,995	£247,400	37% above HPI

62 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lancashire local authority area over time, sourced from the HPI. The two 62 MILL LANE sales from November 2014 and September 2018 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 November 2014 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the September 2018 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is 62 MILL LANE?

62 MILL LANE is 164m² according to the EPC inspection conducted in June 2014. This puts it in the largest 20% of detached houses in Burscough, based on EPC data. The below chart shows the distribution of detached houses by size in Burscough, and where 62 MILL LANE lies on this distribution: 89% of detached houses are smaller than 62 MILL LANE, and 10% of houses are larger. Note that EPC data is not available for all properties in Burscough.

62 MILL LANE: Plot and Title Map

62 MILL LANE sits on a plot of roughly 0.106 of an acre, or 430m². The below map shows the location of 62 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 62 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 62 MILL LANE?

62 MILL LANE is located in BURSCOUGH, in the L40 postcode district. The below map shows the position of No. 62 on MILL LANE.