8, MILL CLOSE, ALFORD, LN13 9EE - £132,500

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

8 MILL CLOSE is a small detached house of 84m², built sometime between 1983 and 1990. It was last sold for £132,500 in January 2012, which was around 18% below the average January 2012 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was D.

8 MILL CLOSE Sold Prices

Land registry data shows three sales for 8 MILL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. One of the three 8 MILL CLOSE sales was for below the average price, whilst two 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
2012 27 JAN	£132,500	£162,381	18% below HPI
1999 15 JUN	£69,950	£66,527	5% above HPI
1996 25 NOV	£59,950	£57,427	4% above HPI

8 MILL CLOSE 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 three 8 MILL CLOSE sales between November 1996 and January 2012 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 June 1999 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the January 2012 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 8 MILL CLOSE?

8 MILL CLOSE is 84m² according to the EPC inspection conducted in November 2011. This puts it in the smallest 40% of detached houses in Alford, based on EPC data. The below chart shows the distribution of detached houses by size in Alford, and where 8 MILL CLOSE lies on this distribution: 30% of detached houses are smaller than 8 MILL CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Alford.

8 MILL CLOSE: Plot and Title Map

8 MILL CLOSE sits on a plot of roughly 0.139 of an acre, or 563m². The below map shows the location of 8 MILL CLOSE, 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 8 MILL CLOSE). 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 8 MILL CLOSE?

8 MILL CLOSE is located in ALFORD, in the LN13 postcode district. The below map shows the position of No. 8 on MILL CLOSE.