8, MILL LANE, WHAPLODE, SPALDING, PE12 6TP - £232,000

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 detached house of 200m², built sometime between 1983 and 1990, which could now be worth an estimated £308,367. It was last sold for £232,000 in September 2016, which was around 11% above the average September 2016 detached price in the South Holland local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was C.

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 South Holland local authority area for the corresponding sale date. Most 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
2016 23 SEP	£232,000	£209,287	11% above HPI
2007 5 SEP	£189,950	£196,154	3% below HPI
2002 9 AUG	£126,000	£113,477	11% above HPI
1998 11 AUG	£74,500	£62,869	19% above HPI
1995 29 JUN	£66,500	£49,844	33% above HPI

8 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Holland local authority area over time, sourced from the HPI. The five 8 MILL LANE sales between June 1995 and September 2016 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 2007 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the September 2016 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 8 MILL LANE be worth now?

8 MILL LANE might now be worth an estimated £308,367.

This is based on house price inflation of 32.9%, between September 2016 and February 2025, for detached houses, in the South Holland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.9% inflationary increase is applied to the most recent sale price for 8 MILL LANE of £232,000 on 23rd September 2016. For the value to have increased from £232,000 to £308,367 over the nine years and seven 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 South Holland local authority area.
• The September 2016 sale price of £232,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MILL LANE has not materially changed since September 2016.

How Large is 8 MILL LANE?

8 MILL LANE is 200m² according to the EPC inspection conducted in April 2010. This puts it in the largest 10% of detached houses houses in Whaplode, based on EPC data. The below chart shows the distribution of detached houses houses by size in Whaplode, and where 8 MILL LANE lies on this distribution: 95% of detached houses houses are smaller than 8 MILL LANE, and 5% of houses are larger. Note that EPC data is not available for all properties in Whaplode.

8 MILL LANE: Plot and Title Map

8 MILL LANE sits on a plot of roughly 0.092 of an acre, or 372m². 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 WHAPLODE, in the PE12 postcode district. The below map shows the position of No. 8 on MILL LANE.