MILL HOUSE, WATER GATE, QUADRING, SPALDING, PE11 4PY - £192,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

MILL HOUSE is a very small extended detached house of 92m², built sometime before 1900, which could now be worth an estimated £324,673. It was last sold for £192,500 in September 2012, which was around 14% above the average September 2012 detached price in the South Holland local authority area. The most recent EPC inspection was July 2011, where the current energy rating was E, and the potential energy rating was D.

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 South Holland local authority area for the corresponding sale date. One of the two MILL HOUSE sales was for above the average price, whilst the other was 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
2012 7 SEP	£192,500	£169,564	14% above HPI
2006 3 AUG	£181,500	£184,016	1% below HPI

MILL HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Holland local authority area over time, sourced from the HPI. The two MILL HOUSE sales from August 2006 and September 2012 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 August 2006 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the September 2012 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might MILL HOUSE be worth now?

MILL HOUSE might now be worth an estimated £324,673.

This is based on house price inflation of 68.7%, between September 2012 and December 2024, for detached houses, in the South Holland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 68.7% inflationary increase is applied to the most recent sale price for MILL HOUSE of £192,500 on 7th September 2012. For the value to have increased from £192,500 to £324,673 over the eleven years and nine months to December 2024, the following assumptions must hold true:

• The value of MILL HOUSE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The September 2012 sale price of £192,500 represented a fair market value for the property.
• The size, condition, and specification of MILL HOUSE has not materially changed since September 2012.

How Large is MILL HOUSE?

MILL HOUSE is 92m², which includes one extension, according to the EPC inspection conducted in July 2011. This puts it in the smallest 20% of detached houses houses in Quadring, based on EPC data. The below chart shows the distribution of detached houses houses by size in Quadring, and where MILL HOUSE lies on this distribution: 15% of detached houses houses are smaller than MILL HOUSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Quadring.

MILL HOUSE: Plot and Title Map

MILL HOUSE sits on a plot of roughly 0.298 of an acre, or 1,206m². 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 WATER GATE in QUADRING, in the PE11 postcode district. The below map shows the position of MILL HOUSE on WATER GATE.