8, MILL LANE, GODALMING, GU7 1EY - £290,000

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 LANE is a very small extended detached house of 63m², built sometime before 1900. It was last sold for £290,000 in May 2010, which was around 45% below the average May 2010 detached price in the Waverley local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was B.

8 MILL LANE Sold Prices

Land registry data shows five sales for 8 MILL LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Waverley local authority area for the corresponding sale date. All of the five 8 MILL LANE 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 28 MAY	£290,000	£531,638	45% below HPI
2008 9 MAY	£299,000	£517,096	42% below HPI
2006 3 MAR	£229,000	£430,145	47% below HPI
2004 27 AUG	£221,000	£420,215	47% below HPI
1999 1 OCT	£149,000	£260,262	43% below HPI

8 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Waverley local authority area over time, sourced from the HPI. The five 8 MILL LANE sales between October 1999 and May 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 May 2008 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the May 2010 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 8 MILL LANE?

8 MILL LANE is 63m², which includes one extension, according to the EPC inspection conducted in November 2019. This puts it in the smallest 10% of detached houses in Godalming, based on EPC data. The below chart shows the distribution of detached houses by size in Godalming, and where 8 MILL LANE lies on this distribution: 4% of detached houses are smaller than 8 MILL LANE, and 96% of houses are larger. Note that EPC data is not available for all properties in Godalming.

8 MILL LANE: Plot and Title Map

8 MILL LANE sits on a plot of roughly 0.022 of an acre, or 91m². 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 GODALMING, in the GU7 postcode district. The below map shows the position of No. 8 on MILL LANE.