8, MILL LANE, BELTON, LOUGHBOROUGH, LE12 9UJ - £422,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 MILL LANE is a very large detached house of 229m², built sometime between 1991 and 1995, which could now be worth an estimated £722,879. It was last sold for £422,500 in May 2014, which was around 82% above the average May 2014 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was B.

8 MILL LANE Sold Prices

Land registry data shows four sales for 8 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 North West Leicestershire local authority area for the corresponding sale date. All of the four 8 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
2014 2 MAY	£422,500	£232,265	82% above HPI
2008 23 MAY	£400,000	£246,584	62% above HPI
1999 10 DEC	£245,000	£99,579	146% above HPI
1997 28 APR	£161,000	£81,201	98% above HPI

8 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The four 8 MILL LANE sales between April 1997 and May 2014 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 May 2008 sale was for 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the May 2014 sale, where it rises to 82% above the HPI. The line then continues to track at 82% above the HPI.

What might 8 MILL LANE be worth now?

8 MILL LANE might now be worth an estimated £722,879.

This is based on house price inflation of 71.1%, between May 2014 and February 2025, for detached houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 71.1% inflationary increase is applied to the most recent sale price for 8 MILL LANE of £422,500 on 2nd May 2014. For the value to have increased from £422,500 to £722,879 over the eleven years and three months to February 2025, the following assumptions must hold true:

• The value of 8 MILL LANE has moved in line with the HPI for detached houses in the North West Leicestershire local authority area.
• The May 2014 sale price of £422,500 represented a fair market value for the property.
• The size, condition, and specification of 8 MILL LANE has not materially changed since May 2014.

How Large is 8 MILL LANE?

8 MILL LANE is 229m² according to the EPC inspection conducted in April 2013. This puts it in the largest 10% of detached houses houses in Belton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Belton, and where 8 MILL LANE lies on this distribution: 92% of detached houses houses are smaller than 8 MILL LANE, and 8% of houses are larger. Note that EPC data is not available for all properties in Belton.

8 MILL LANE: Plot and Title Map

8 MILL LANE sits on a plot of roughly 0.248 of an acre, or 1,005m². The below map shows the location of 8 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 8 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 8 MILL LANE?

8 MILL LANE is located in BELTON, in the LE12 postcode district. The below map shows the position of No. 8 on MILL LANE.