9, MILL LANE, COTTESMORE, OAKHAM, LE15 7DL - £490,000

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

9 MILL LANE is a small extended detached house of 100m², built sometime between 1950 and 1966. It was last sold for £490,000 in July 2022, which was around 2% below the average July 2022 detached price in the Rutland local authority area. The most recent EPC inspection was December 2016, where the current energy rating was D, and the potential energy rating was B.

9 MILL LANE Sold Prices

Land registry data shows three sales for 9 MILL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. All of the three 9 MILL LANE 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
2022 28 JUL	£490,000	£498,734	2% below HPI
2017 15 SEP	£322,500	£391,524	18% below HPI
2016 13 JUL	£173,000	£347,142	50% below HPI

9 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rutland local authority area over time, sourced from the HPI. The three 9 MILL LANE sales between July 2016 and July 2022 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 2017 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the July 2022 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 9 MILL LANE?

9 MILL LANE is 100m², which includes one extension, according to the EPC inspection conducted in December 2016. This puts it in the smallest 40% of detached houses in Cottesmore, based on EPC data. The below chart shows the distribution of detached houses by size in Cottesmore, and where 9 MILL LANE lies on this distribution: 39% of detached houses are smaller than 9 MILL LANE, and 61% of houses are larger. Note that EPC data is not available for all properties in Cottesmore.

9 MILL LANE: Plot and Title Map

9 MILL LANE sits on a plot of roughly 0.180 of an acre, or 727m². The below map shows the location of 9 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 9 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 9 MILL LANE?

9 MILL LANE is located in COTTESMORE, in the LE15 postcode district. The below map shows the position of No. 9 on MILL LANE.