9, MILL LANE, GOSBERTON, SPALDING, PE11 4NN - £345,000

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 very large extended detached house of 332m², built sometime between 1983 and 1990. It was last sold for £345,000 in May 2021, which was around 38% above the average May 2021 detached price in the South Holland local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

9 MILL LANE Sold Prices

Land registry data shows five sales for 9 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. All of the five 9 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
2021 21 MAY	£345,000	£250,598	38% above HPI
2011 15 NOV	£245,000	£167,413	46% above HPI
2008 9 OCT	£210,000	£178,153	18% above HPI
1999 25 MAY	£136,000	£70,373	93% above HPI
1996 31 JUL	£93,000	£56,296	65% above HPI

9 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 9 MILL LANE sales between July 1996 and May 2021 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 November 2011 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the May 2021 sale, where it falls to 38% above the HPI. The line then continues to track at 38% above the HPI.

How Large is 9 MILL LANE?

9 MILL LANE is 332m², which includes one extension, according to the EPC inspection conducted in March 2011. This puts it in the largest 10% of detached houses in Gosberton, based on EPC data. The below chart shows the distribution of detached houses by size in Gosberton, and where 9 MILL LANE lies on this distribution: More than 99% of detached houses are smaller than 9 MILL LANE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Gosberton.

9 MILL LANE: Plot and Title Map

9 MILL LANE sits on a plot of roughly 0.234 of an acre, or 945m². 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 GOSBERTON, in the PE11 postcode district. The below map shows the position of No. 9 on MILL LANE.