MILL LODGE, BOBBIN MILL HILL, FRITCHLEY, BELPER, DE56 2HN - £275,000

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 LODGE is a midsized detached house of 125m², built sometime between 1967 and 1975, which could now be worth an estimated £509,271. It was last sold for £275,000 in October 2011, which was around 50% above the average October 2011 detached price in the Amber Valley local authority area. The most recent EPC inspection was November 2010, where the current energy rating was D, and the potential energy rating was D.

MILL LODGE Sold Prices

Land registry data shows two sales for MILL LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. Both of the two MILL LODGE 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
2011 14 OCT	£275,000	£183,532	50% above HPI
2001 13 FEB	£160,000	£87,557	83% above HPI

MILL LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Amber Valley local authority area over time, sourced from the HPI. The two MILL LODGE sales from February 2001 and October 2011 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 February 2001 sale was for 83% above the HPI. So the extrapolation line tracks at 83% above the HPI over time, until the October 2011 sale, where it falls to 50% above the HPI. The line then continues to track at 50% above the HPI.

What might MILL LODGE be worth now?

MILL LODGE might now be worth an estimated £509,271.

This is based on house price inflation of 85.2%, between October 2011 and February 2025, for detached houses, in the Amber Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 85.2% inflationary increase is applied to the most recent sale price for MILL LODGE of £275,000 on 14th October 2011. For the value to have increased from £275,000 to £509,271 over the fourteen years and eight months to February 2025, the following assumptions must hold true:

• The value of MILL LODGE has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The October 2011 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of MILL LODGE has not materially changed since October 2011.

How Large is MILL LODGE?

MILL LODGE is 125m² according to the EPC inspection conducted in November 2010. This puts it in the smallest 50% of detached houses houses in Fritchley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fritchley, and where MILL LODGE lies on this distribution: 46% of detached houses houses are smaller than MILL LODGE, and 54% of houses are larger. Note that EPC data is not available for all properties in Fritchley.

MILL LODGE: Plot and Title Map

MILL LODGE sits on a plot of roughly 0.102 of an acre, or 412m². The below map shows the location of MILL LODGE, 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 LODGE). 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 LODGE?

MILL LODGE is located on BOBBIN MILL HILL in FRITCHLEY, in the DE56 postcode district. The below map shows the position of MILL LODGE on BOBBIN MILL HILL.