8, MILL LANE, HEATHER, COALVILLE, LE67 2QE - £385,000

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 midsized detached house of 118m², built sometime between 1996 and 2002. It was last sold for £385,000 in May 2021, which was around 23% above the average May 2021 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was September 2013, where the current energy rating was C, 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 North West Leicestershire local authority area for the corresponding sale date. All of the five 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
2021 20 MAY	£385,000	£313,062	23% above HPI
2009 11 SEP	£274,000	£198,174	38% above HPI
2003 4 JUL	£250,000	£176,847	41% above HPI
2003 13 JUN	£262,500	£170,666	54% above HPI
2000 2 JUN	£125,000	£97,492	28% 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 five 8 MILL LANE sales between June 2000 and May 2021 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 2009 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the May 2021 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is 8 MILL LANE?

8 MILL LANE is 118m² according to the EPC inspection conducted in September 2013. This puts it in the largest 50% of detached houses in Heather, based on EPC data. The below chart shows the distribution of detached houses by size in Heather, and where 8 MILL LANE lies on this distribution: 59% of detached houses are smaller than 8 MILL LANE, and 41% of houses are larger. Note that EPC data is not available for all properties in Heather.

8 MILL LANE: Plot and Title Map

8 MILL LANE sits on a plot of roughly 0.074 of an acre, or 300m². 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 HEATHER, in the LE67 postcode district. The below map shows the position of No. 8 on MILL LANE.