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

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 MILLS CLOSE is a very small detached house of 84m², built sometime between 1991 and 1995, which could now be worth an estimated £288,123. It was last sold for £285,000 in May 2024, which was around 21% 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	£360,706	21% below HPI
2018 16 FEB	£205,000	£292,304	30% 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 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the May 2024 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 8 MILLS CLOSE be worth now?

8 MILLS CLOSE might now be worth an estimated £288,123.

This is based on house price inflation of 1.1%, between May 2024 and February 2025, for detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.1% inflationary increase is applied to the most recent sale price for 8 MILLS CLOSE of £285,000 on 17th May 2024. For the value to have increased from £285,000 to £288,123 over the one year and three months to February 2025, the following assumptions must hold true:

• The value of 8 MILLS CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The May 2024 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MILLS CLOSE has not materially changed since May 2024.

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 houses in Long Bennington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Long Bennington, and where 8 MILLS CLOSE lies on this distribution: 6% of detached houses 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 0.114 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.