8, MILL LANE, GERRARDS CROSS, SL9 8AY - £2,375,000

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 extended detached house of 418m², built sometime between 1976 and 1982, which could now be worth an estimated £2,658,922. It was last sold for £2,375,000 in October 2020, which was around 214% above the average October 2020 detached price in the Buckinghamshire local authority area. The most recent EPC inspection was November 2018, where the current energy rating was C, and the potential energy rating was C.

8 MILL LANE Sold Prices

Land registry data shows two sales for 8 MILL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Buckinghamshire local authority area for the corresponding sale date. Both of the two 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
2020 2 OCT	£2,375,000	£755,834	214% above HPI
2005 6 MAY	£825,000	£421,733	96% above HPI

8 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Buckinghamshire local authority area over time, sourced from the HPI. The two 8 MILL LANE sales from May 2005 and October 2020 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 2005 sale was for 96% above the HPI. So the extrapolation line tracks at 96% above the HPI over time, until the October 2020 sale, where it rises to 214% above the HPI. The line then continues to track at 214% above the HPI.

What might 8 MILL LANE be worth now?

8 MILL LANE might now be worth an estimated £2,658,922.

This is based on house price inflation of 12%, between October 2020 and February 2025, for detached houses, in the Buckinghamshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12% inflationary increase is applied to the most recent sale price for 8 MILL LANE of £2,375,000 on 2nd October 2020. For the value to have increased from £2,375,000 to £2,658,922 over the five years and eight 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 Buckinghamshire local authority area.
• The October 2020 sale price of £2,375,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MILL LANE has not materially changed since October 2020.

How Large is 8 MILL LANE?

8 MILL LANE is 418m², which includes two extensions, according to the EPC inspection conducted in November 2018. This puts it in the largest 20% of detached houses houses in Gerrards Cross, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gerrards Cross, and where 8 MILL LANE lies on this distribution: 87% of detached houses houses are smaller than 8 MILL LANE, and 13% of houses are larger. Note that EPC data is not available for all properties in Gerrards Cross.

8 MILL LANE: Plot and Title Map

8 MILL LANE sits on a plot of roughly 0.365 of an acre, or 1,477m². 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 GERRARDS CROSS, in the SL9 postcode district. The below map shows the position of No. 8 on MILL LANE.