MILL CLOSE, MILL LANE, SALTFLEET, LOUTH, LN11 7SA - £230,000

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.

MILL CLOSE is a large extended detached house of 119m², built sometime before 1900, which could now be worth an estimated £386,663. It was last sold for £230,000 in July 2005, which was around 35% above the average July 2005 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2014, where the current energy rating was F, and the potential energy rating was C.

MILL CLOSE Sold Prices

Land registry data shows two sales for MILL 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 East Lindsey local authority area for the corresponding sale date. Both of the two MILL CLOSE 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
2005 11 JUL	£230,000	£170,272	35% above HPI
2002 16 APR	£109,000	£99,217	10% above HPI

MILL CLOSE 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 two MILL CLOSE sales from April 2002 and July 2005 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 April 2002 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the July 2005 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might MILL CLOSE be worth now?

MILL CLOSE might now be worth an estimated £386,663.

This is based on house price inflation of 68.1%, between July 2005 and February 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 68.1% inflationary increase is applied to the most recent sale price for MILL CLOSE of £230,000 on 11th July 2005. For the value to have increased from £230,000 to £386,663 over the twenty years and five months to February 2025, the following assumptions must hold true:

• The value of MILL CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The July 2005 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of MILL CLOSE has not materially changed since July 2005.

How Large is MILL CLOSE?

MILL CLOSE is 119m², which includes one extension, according to the EPC inspection conducted in September 2014. This puts it in the largest 40% of detached houses houses in Saltfleet, based on EPC data. The below chart shows the distribution of detached houses houses by size in Saltfleet, and where MILL CLOSE lies on this distribution: 62% of detached houses houses are smaller than MILL CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Saltfleet.

MILL CLOSE: Plot and Title Map

MILL CLOSE sits on a plot of roughly 0.413 of an acre, or 1,672m². The below map shows the location of MILL 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 MILL 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 MILL CLOSE?

MILL CLOSE is located on MILL LANE in SALTFLEET, in the LN11 postcode district. The below map shows the position of MILL CLOSE on MILL LANE.