MILL VIEW, MILL LANE, CAUNTON, NEWARK, NG23 6AJ - £340,000

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 large detached house of 206m², built sometime between 1996 and 2002. It was last sold for £340,000 in December 2009, which was around 67% above the average December 2009 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2009, where the current energy rating was D, and the potential energy rating was D.

MILL VIEW Sold Prices

Land registry data shows three sales for MILL VIEW since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Two of the three MILL VIEW sales were for above the average price, whilst one 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
2009 9 DEC	£340,000	£204,023	67% above HPI
2003 20 MAY	£315,000	£155,031	103% above HPI
2002 12 JUL	£108,000	£134,634	20% below HPI

MILL VIEW Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The three MILL VIEW sales between July 2002 and December 2009 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 May 2003 sale was for 103% above the HPI. So the extrapolation line tracks at 103% above the HPI over time, until the December 2009 sale, where it falls to 67% above the HPI. The line then continues to track at 67% above the HPI.

How Large is MILL VIEW?

MILL VIEW is 206m² according to the EPC inspection conducted in June 2009. This puts it in the largest 30% of detached houses in Caunton, based on EPC data. The below chart shows the distribution of detached houses by size in Caunton, and where MILL VIEW lies on this distribution: 74% of detached houses are smaller than MILL VIEW, and 26% of houses are larger. Note that EPC data is not available for all properties in Caunton.

MILL VIEW: Plot and Title Map

MILL VIEW sits on a plot of roughly 0.178 of an acre, or 721m². 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 MILL LANE in CAUNTON, in the NG23 postcode district. The below map shows the position of MILL VIEW on MILL LANE.