MILL RACE, HIGHER MILL, LYME REGIS, DT7 3AW - £275,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

MILL RACE is a small extended detached house of 116m², built sometime between 1976 and 1982. It was last sold for £275,000 in November 2006, which was around 11% below the average November 2006 detached price in the Dorset local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

MILL RACE Sold Prices

Land registry data shows two sales for MILL RACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. Both of the two MILL RACE sales were 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
2006 7 NOV	£275,000	£307,725	11% below HPI
1995 24 NOV	£93,000	£93,637	1% below HPI

MILL RACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The two MILL RACE sales from November 1995 and November 2006 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 1995 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the November 2006 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is MILL RACE?

MILL RACE is 116m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the smallest 40% of detached houses in Lyme Regis, based on EPC data. The below chart shows the distribution of detached houses by size in Lyme Regis, and where MILL RACE lies on this distribution: 36% of detached houses are smaller than MILL RACE, and 63% of houses are larger. Note that EPC data is not available for all properties in Lyme Regis.

MILL RACE: Plot and Title Map

MILL RACE sits on a plot of roughly 0.229 of an acre, or 929m². The below map shows the location of MILL RACE, 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 RACE). 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 RACE?

MILL RACE, HIGHER MILL is located in LYME REGIS, in the DT7 postcode district. The below map shows the position of MILL RACE, HIGHER MILL in LYME REGIS.