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

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

8 MILL CLOSE is a small detached house of 84m², built sometime between 1983 and 1990, which could now be worth an estimated £229,128. It was last sold for £132,500 in January 2012, which was around 20% 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	£164,747	20% below HPI
1999 15 JUN	£69,950	£67,496	4% above HPI
1996 25 NOV	£59,950	£58,264	3% 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 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the January 2012 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 8 MILL CLOSE be worth now?

8 MILL CLOSE might now be worth an estimated £229,128.

This is based on house price inflation of 72.9%, between January 2012 and December 2024, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 72.9% inflationary increase is applied to the most recent sale price for 8 MILL CLOSE of £132,500 on 27th January 2012. For the value to have increased from £132,500 to £229,128 over the eleven years and one month to December 2024, the following assumptions must hold true:

• The value of 8 MILL CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The January 2012 sale price of £132,500 represented a fair market value for the property.
• The size, condition, and specification of 8 MILL CLOSE has not materially changed since January 2012.

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 houses in Alford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Alford, and where 8 MILL CLOSE lies on this distribution: 30% of detached houses 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.