MILLBANK, MILL LANE, SUTTON BRIDGE, SPALDING, PE12 9UE - £335,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

MILLBANK is a large detached house of 121m², built sometime between 1983 and 1990. It was last sold for £335,000 in September 2023, which was around 15% above the average September 2023 detached price in the South Holland local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was C.

MILLBANK Sold Prices

Land registry data shows five sales for MILLBANK since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. Most of the five MILLBANK 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
2023 1 SEP	£335,000	£290,197	15% above HPI
2015 18 NOV	£205,000	£197,594	4% above HPI
2015 16 JAN	£194,000	£187,823	3% above HPI
2014 24 JAN	£174,950	£169,973	3% above HPI
2010 10 DEC	£155,000	£168,711	8% below HPI

MILLBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Holland local authority area over time, sourced from the HPI. The five MILLBANK sales between December 2010 and September 2023 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 2015 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the September 2023 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is MILLBANK?

MILLBANK is 121m² according to the EPC inspection conducted in June 2015. This puts it in the largest 40% of detached houses in Sutton Bridge, based on EPC data. The below chart shows the distribution of detached houses by size in Sutton Bridge, and where MILLBANK lies on this distribution: 62% of detached houses are smaller than MILLBANK, and 38% of houses are larger. Note that EPC data is not available for all properties in Sutton Bridge.

MILLBANK: Plot and Title Map

MILLBANK sits on a plot of roughly 0.269 of an acre, or 1,087m². The below map shows the location of MILLBANK, 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 MILLBANK). 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 MILLBANK?

MILLBANK is located on MILL LANE in SUTTON BRIDGE, in the PE12 postcode district. The below map shows the position of MILLBANK on MILL LANE.