MILL VIEW, CHURCHILL ROAD, NORTH SOMERCOTES, LOUTH, LN11 7QS - £135,000

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 VIEW is a midsized extended detached house of 98m², built sometime between 1900 and 1929. It was last sold for £135,000 in November 2011, which was around 18% below the average November 2011 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2018, where the current energy rating was E, and the potential energy rating was C.

MILL VIEW Sold Prices

Land registry data shows two sales for MILL VIEW since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two MILL VIEW 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
2011 2 NOV	£135,000	£164,467	18% below HPI
1996 23 AUG	£31,500	£57,797	45% below HPI

MILL VIEW Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two MILL VIEW sales from August 1996 and November 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 August 1996 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the November 2011 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is MILL VIEW?

MILL VIEW is 98m², which includes two extensions, according to the EPC inspection conducted in June 2018. This puts it in the smallest 50% of detached houses in North Somercotes, based on EPC data. The below chart shows the distribution of detached houses by size in North Somercotes, and where MILL VIEW lies on this distribution: 47% of detached houses are smaller than MILL VIEW, and 53% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

MILL VIEW: Plot and Title Map

MILL VIEW sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of MILL VIEW, 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 VIEW). 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 VIEW?

MILL VIEW is located on CHURCHILL ROAD in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of MILL VIEW on CHURCHILL ROAD.