8, MILLS CLOSE, LONG BENNINGTON, NEWARK, NG23 5ER - £285,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 MILLS CLOSE is a very small detached house of 84m², built sometime between 1991 and 1995. It was last sold for £285,000 in May 2024, which was around 23% below the average May 2024 detached price in the South Kesteven local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was C.

8 MILLS CLOSE Sold Prices

Land registry data shows two sales for 8 MILLS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. Both of the two 8 MILLS CLOSE 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
2024 17 MAY	£285,000	£372,526	23% below HPI
2018 16 FEB	£205,000	£297,197	31% below HPI

8 MILLS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two 8 MILLS CLOSE sales from February 2018 and May 2024 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 February 2018 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the May 2024 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 8 MILLS CLOSE?

8 MILLS CLOSE is 84m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 10% of detached houses in Long Bennington, based on EPC data. The below chart shows the distribution of detached houses by size in Long Bennington, and where 8 MILLS CLOSE lies on this distribution: 6% of detached houses are smaller than 8 MILLS CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Long Bennington.

8 MILLS CLOSE: Plot and Title Map

8 MILLS CLOSE sits on a plot of roughly 0.115 of an acre, or 463m². The below map shows the location of 8 MILLS CLOSE, 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 MILLS CLOSE). 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 MILLS CLOSE?

8 MILLS CLOSE is located in LONG BENNINGTON, in the NG23 postcode district. The below map shows the position of No. 8 on MILLS CLOSE.