7, MILL FIELDS, BASSINGHAM, LINCOLN, LN5 9NP - £345,000

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

7 MILL FIELDS is a very large extended detached house of 212m², built sometime between 1996 and 2002. It was last sold for £345,000 in May 2011, which was around 94% above the average May 2011 detached price in the North Kesteven local authority area. The most recent EPC inspection was January 2011, where the current energy rating was D, and the potential energy rating was D.

7 MILL FIELDS Sold Prices

Land registry data shows three sales for 7 MILL FIELDS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Two of the three 7 MILL FIELDS sales were for above the average price, whilst one was 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
2011 31 MAY	£345,000	£177,723	94% above HPI
2002 28 FEB	£220,000	£96,754	127% above HPI
1996 19 SEP	£19,000	£62,929	70% below HPI

7 MILL FIELDS 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 three 7 MILL FIELDS sales between September 1996 and May 2011 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 February 2002 sale was for 127% above the HPI. So the extrapolation line tracks at 127% above the HPI over time, until the May 2011 sale, where it falls to 94% above the HPI. The line then continues to track at 94% above the HPI.

How Large is 7 MILL FIELDS?

7 MILL FIELDS is 212m², which includes one extension, according to the EPC inspection conducted in January 2011. This puts it in the largest 20% of detached houses in Bassingham, based on EPC data. The below chart shows the distribution of detached houses by size in Bassingham, and where 7 MILL FIELDS lies on this distribution: 83% of detached houses are smaller than 7 MILL FIELDS, and 17% of houses are larger. Note that EPC data is not available for all properties in Bassingham.

7 MILL FIELDS: Plot and Title Map

7 MILL FIELDS sits on a plot of roughly 0.128 of an acre, or 518m². The below map shows the location of 7 MILL FIELDS, 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 7 MILL FIELDS). 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 7 MILL FIELDS?

7 MILL FIELDS is located in BASSINGHAM, in the LN5 postcode district. The below map shows the position of No. 7 on MILL FIELDS.