MILL VIEW, PUMP LANE, SALTFLEET, LOUTH, LN11 7RL - £280,000

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 detached house of 115m², built sometime between 2003 and 2006. It was last sold for £280,000 in February 2022, which was around 6% above the average February 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was C.

MILL VIEW Sold Prices

Land registry data shows four sales for MILL VIEW since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Most of the four MILL VIEW 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
2022 22 FEB	£280,000	£264,840	6% above HPI
2021 4 JUN	£240,000	£238,466	1% above HPI
2007 6 FEB	£180,000	£180,905	1% below HPI
2004 17 OCT	£185,000	£167,136	11% above 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 four MILL VIEW sales between October 2004 and February 2022 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 June 2021 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the February 2022 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is MILL VIEW?

MILL VIEW is 115m² according to the EPC inspection conducted in February 2020. This puts it in the largest 50% of detached houses in Saltfleet, based on EPC data. The below chart shows the distribution of detached houses by size in Saltfleet, and where MILL VIEW lies on this distribution: 57% of detached houses are smaller than MILL VIEW, and 43% of houses are larger. Note that EPC data is not available for all properties in Saltfleet.

MILL VIEW: Plot and Title Map

MILL VIEW sits on a plot of roughly 0.124 of an acre, or 504m². 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 PUMP LANE in SALTFLEET, in the LN11 postcode district. The below map shows the position of MILL VIEW on PUMP LANE.