MILL HOUSE, MAIN ROAD, GRAINTHORPE, LOUTH, LN11 7HX - £245,000

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

MILL HOUSE is a very large extended detached house of 176m², built sometime before 1900. It was last sold for £245,000 in May 2019, which was around 13% above the average May 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2016, where the current energy rating was E, and the potential energy rating was C.

MILL HOUSE Sold Prices

Land registry data shows two sales for MILL HOUSE 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 HOUSE 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
2019 24 MAY	£245,000	£216,678	13% above HPI
2014 18 MAR	£210,000	£169,075	24% above HPI

MILL HOUSE 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 HOUSE sales from March 2014 and May 2019 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 March 2014 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the May 2019 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is MILL HOUSE?

MILL HOUSE is 176m², which includes two extensions, according to the EPC inspection conducted in July 2016. This puts it in the largest 20% of detached houses in Grainthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Grainthorpe, and where MILL HOUSE lies on this distribution: 82% of detached houses are smaller than MILL HOUSE, and 18% of houses are larger. Note that EPC data is not available for all properties in Grainthorpe.

MILL HOUSE: Plot and Title Map

MILL HOUSE sits on a plot of roughly 0.217 of an acre, or 877m². The below map shows the location of MILL HOUSE, 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 HOUSE). 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 HOUSE?

MILL HOUSE is located on MAIN ROAD in GRAINTHORPE, in the LN11 postcode district. The below map shows the position of MILL HOUSE on MAIN ROAD.