MILL HOUSE, MILL LANE, BICKER, BOSTON, PE20 3AA - £195,000

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 HOUSE is a very small extended detached house of 91m², built sometime between 1950 and 1966, which could now be worth an estimated £235,085. It was last sold for £195,000 in March 2020, which was around 7% below the average March 2020 detached price in the Boston local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

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 Boston local authority area for the corresponding sale date. Both of the two MILL HOUSE 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
2020 27 MAR	£195,000	£210,732	7% below HPI
2002 26 JUL	£85,000	£103,784	18% below HPI

MILL HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Boston local authority area over time, sourced from the HPI. The two MILL HOUSE sales from July 2002 and March 2020 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 July 2002 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the March 2020 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might MILL HOUSE be worth now?

MILL HOUSE might now be worth an estimated £235,085.

This is based on house price inflation of 20.6%, between March 2020 and February 2025, for detached houses, in the Boston local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.6% inflationary increase is applied to the most recent sale price for MILL HOUSE of £195,000 on 27th March 2020. For the value to have increased from £195,000 to £235,085 over the five years and one month to February 2025, the following assumptions must hold true:

• The value of MILL HOUSE has moved in line with the HPI for detached houses in the Boston local authority area.
• The March 2020 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of MILL HOUSE has not materially changed since March 2020.

How Large is MILL HOUSE?

MILL HOUSE is 91m², which includes two extensions, according to the EPC inspection conducted in March 2016. This puts it in the smallest 20% of detached houses houses in Bicker, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bicker, and where MILL HOUSE lies on this distribution: 15% of detached houses houses are smaller than MILL HOUSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Bicker.

MILL HOUSE: Plot and Title Map

MILL HOUSE sits on a plot of roughly 0.620 of an acre, or 2,510m². 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 MILL LANE in BICKER, in the PE20 postcode district. The below map shows the position of MILL HOUSE on MILL LANE.