MILL HOUSE, MILL LANE, OSGODBY, MARKET RASEN, LN8 3TB - £397,500

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 large extended detached house of 139m², built sometime before 1900, which could now be worth an estimated £563,359. It was last sold for £397,500 in August 2016, which was around 94% above the average August 2016 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2016, where the current energy rating was F, 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 West 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
2016 22 AUG	£397,500	£205,407	94% above HPI
2001 29 NOV	£182,000	£90,923	100% above HPI

MILL HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two MILL HOUSE sales from November 2001 and August 2016 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 2001 sale was for 100% above the HPI. So the extrapolation line tracks at 100% above the HPI over time, until the August 2016 sale, where it falls to 94% above the HPI. The line then continues to track at 94% above the HPI.

What might MILL HOUSE be worth now?

MILL HOUSE might now be worth an estimated £563,359.

This is based on house price inflation of 41.7%, between August 2016 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 41.7% inflationary increase is applied to the most recent sale price for MILL HOUSE of £397,500 on 22nd August 2016. For the value to have increased from £397,500 to £563,359 over the nine years and six months 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 West Lindsey local authority area.
• The August 2016 sale price of £397,500 represented a fair market value for the property.
• The size, condition, and specification of MILL HOUSE has not materially changed since August 2016.

How Large is MILL HOUSE?

MILL HOUSE is 139m², which includes two extensions, according to the EPC inspection conducted in May 2016. This puts it in the largest 40% of detached houses houses in Osgodby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Osgodby, and where MILL HOUSE lies on this distribution: 60% of detached houses houses are smaller than MILL HOUSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Osgodby.

MILL HOUSE: Plot and Title Map

MILL HOUSE sits on a plot of roughly 7.1 acres, or 28,765m². 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 OSGODBY, in the LN8 postcode district. The below map shows the position of MILL HOUSE on MILL LANE.