MILLBANK, TURNPIKE ROAD, RYHALL, STAMFORD, PE9 4HD - £475,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

MILLBANK is a large detached house of 167m², built sometime between 1967 and 1975. It was last sold for £475,000 in October 2023, which was around 9% below the average October 2023 detached price in the Rutland local authority area. The most recent EPC inspection was November 2022, where the current energy rating was C, and the potential energy rating was A.

MILLBANK Sold Prices

Land registry data shows two sales for MILLBANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. Both of the two MILLBANK 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
2023 27 OCT	£475,000	£522,142	9% below HPI
2017 1 JUN	£375,000	£377,262	1% below HPI

MILLBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rutland local authority area over time, sourced from the HPI. The two MILLBANK sales from June 2017 and October 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 June 2017 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the October 2023 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is MILLBANK?

MILLBANK is 167m² according to the EPC inspection conducted in November 2022. This puts it in the largest 40% of detached houses in Ryhall, based on EPC data. The below chart shows the distribution of detached houses by size in Ryhall, and where MILLBANK lies on this distribution: 69% of detached houses are smaller than MILLBANK, and 31% of houses are larger. Note that EPC data is not available for all properties in Ryhall.

MILLBANK: Plot and Title Map

MILLBANK sits on a plot of roughly 0.281 of an acre, or 1,135m². 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 TURNPIKE ROAD in RYHALL, in the PE9 postcode district. The below map shows the position of MILLBANK on TURNPIKE ROAD.