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

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 large detached house of 200m², built sometime between 1983 and 1990. It was last sold for £232,000 in September 2016, which was around 10% 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	£210,317	10% above HPI
2007 5 SEP	£189,950	£197,119	4% below HPI
2002 9 AUG	£126,000	£114,036	10% above HPI
1998 11 AUG	£74,500	£63,179	18% above HPI
1995 29 JUN	£66,500	£50,090	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 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the September 2016 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

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 in Whaplode, based on EPC data. The below chart shows the distribution of detached houses by size in Whaplode, and where 8 MILL LANE lies on this distribution: 95% of detached 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.