MILL HOUSE, MILL LANE, GRIMOLDBY, LOUTH, LN11 8TB - £147,000

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 large extended detached house of 270m², built sometime before 1900, which could now be worth an estimated £574,364. It was last sold for £147,000 in March 2000, which was around 101% above the average March 2000 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2014, 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 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
2000 1 MAR	£147,000	£73,262	101% above HPI
1996 26 JUL	£96,000	£57,706	66% 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 July 1996 and March 2000 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 1996 sale was for 66% above the HPI. So the extrapolation line tracks at 66% above the HPI over time, until the March 2000 sale, where it rises to 101% above the HPI. The line then continues to track at 101% above the HPI.

What might MILL HOUSE be worth now?

MILL HOUSE might now be worth an estimated £574,364.

This is based on house price inflation of 290.7%, between March 2000 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 290.7% inflationary increase is applied to the most recent sale price for MILL HOUSE of £147,000 on 1st March 2000. For the value to have increased from £147,000 to £574,364 over the 25 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 East Lindsey local authority area.
• The March 2000 sale price of £147,000 represented a fair market value for the property.
• The size, condition, and specification of MILL HOUSE has not materially changed since March 2000.

How Large is MILL HOUSE?

MILL HOUSE is 270m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the largest 10% of detached houses houses in Grimoldby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grimoldby, and where MILL HOUSE lies on this distribution: 98% of detached houses houses are smaller than MILL HOUSE, and 2% of houses are larger. Note that EPC data is not available for all properties in Grimoldby.

MILL HOUSE: Plot and Title Map

MILL HOUSE sits on a plot of roughly 0.353 of an acre, or 1,428m². 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 GRIMOLDBY, in the LN11 postcode district. The below map shows the position of MILL HOUSE on MILL LANE.