8, MILL LANE CLOSE, HOGSTHORPE, SKEGNESS, PE24 5NJ - £138,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 MILL LANE CLOSE is a midsized detached house of 77m², built sometime between 1950 and 1966. It was last sold for £138,000 in June 2010, which was around 19% below the average June 2010 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2010, where the current energy rating was F, and the potential energy rating was F.

8 MILL LANE CLOSE Sold Prices

Land registry data shows two sales for 8 MILL LANE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 8 MILL LANE CLOSE sales were 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
2010 15 JUN	£138,000	£169,958	19% below HPI
1995 29 SEP	£38,000	£54,798	31% below HPI

8 MILL LANE 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 two 8 MILL LANE CLOSE sales from September 1995 and June 2010 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 September 1995 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2010 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 8 MILL LANE CLOSE?

8 MILL LANE CLOSE is 77m² according to the EPC inspection conducted in April 2010. This puts it in the smallest 50% of detached houses in Hogsthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Hogsthorpe, and where 8 MILL LANE CLOSE lies on this distribution: 43% of detached houses are smaller than 8 MILL LANE CLOSE, and 57% of houses are larger. Note that EPC data is not available for all properties in Hogsthorpe.

8 MILL LANE CLOSE: Plot and Title Map

8 MILL LANE CLOSE sits on a plot of roughly 0.112 of an acre, or 454m². The below map shows the location of 8 MILL LANE 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 LANE 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 LANE CLOSE?

8 MILL LANE CLOSE is located in HOGSTHORPE, in the PE24 postcode district. The below map shows the position of No. 8 on MILL LANE CLOSE.