9, MILL LANE, HOGSTHORPE, SKEGNESS, PE24 5NF - £387,500

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

9 MILL LANE is a very large extended detached house of 231m², built sometime between 1950 and 1966. It was last sold for £387,500 in June 2021, which was around 62% above the average June 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2011, where the current energy rating was D, and the potential energy rating was D.

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 East Lindsey local authority area for the corresponding sale date. Two of the three 9 MILL LANE sales were for above the average price, whilst one was 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
2021 23 JUN	£387,500	£238,466	62% above HPI
2017 3 NOV	£180,000	£207,429	13% below HPI
2002 28 AUG	£108,000	£105,490	2% above HPI

9 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The three 9 MILL LANE sales between August 2002 and June 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 2017 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the June 2021 sale, where it rises to 62% above the HPI. The line then continues to track at 62% above the HPI.

How Large is 9 MILL LANE?

9 MILL LANE is 231m², which includes two extensions, according to the EPC inspection conducted in February 2011. This puts it in the largest 10% of detached houses in Hogsthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Hogsthorpe, and where 9 MILL LANE lies on this distribution: 99% of detached houses are smaller than 9 MILL LANE, and 1% of houses are larger. Note that EPC data is not available for all properties in Hogsthorpe.

9 MILL LANE: Plot and Title Map

9 MILL LANE sits on a plot of roughly 0.278 of an acre, or 1,125m². 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 HOGSTHORPE, in the PE24 postcode district. The below map shows the position of No. 9 on MILL LANE.