MILL HOUSE, MILL LANE, WELTON, LINCOLN, LN2 3PB - £799,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

MILL HOUSE is a very large extended detached house of 228m², built sometime before 1900. It was last sold for £799,000 in December 2020, which was around 234% above the average December 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was B.

MILL HOUSE Sold Prices

Land registry data shows three sales for MILL HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 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
2020 11 DEC	£799,000	£239,332	234% above HPI
2019 29 APR	£580,000	£224,278	159% above HPI
1997 19 SEP	£127,000	£69,496	83% 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 three MILL HOUSE sales between September 1997 and December 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 April 2019 sale was for 159% above the HPI. So the extrapolation line tracks at 159% above the HPI over time, until the December 2020 sale, where it rises to 234% above the HPI. The line then continues to track at 234% above the HPI.

How Large is MILL HOUSE?

MILL HOUSE is 228m², which includes three extensions, according to the EPC inspection conducted in November 2020. This puts it in the largest 10% of detached houses in Welton, based on EPC data. The below chart shows the distribution of detached houses by size in Welton, and where MILL HOUSE lies on this distribution: 98% of detached houses are smaller than MILL HOUSE, and 2% of houses are larger. Note that EPC data is not available for all properties in Welton.

MILL HOUSE: Plot and Title Map

MILL HOUSE sits on a plot of roughly 1.3 acres, or 5,166m². 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 WELTON, in the LN2 postcode district. The below map shows the position of MILL HOUSE on MILL LANE.