MILLBROOK WAY, DOVECOTE LANE, TETFORD, HORNCASTLE, LN9 6QD - £335,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

MILLBROOK WAY is a midsized detached house of 134m², built sometime between 2003 and 2006, which could now be worth an estimated £565,742. It was last sold for £335,000 in September 2013, which was around 98% above the average September 2013 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2010, where the current energy rating was C, and the potential energy rating was C.

MILLBROOK WAY Sold Prices

Land registry data shows two sales for MILLBROOK WAY 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 MILLBROOK WAY 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
2013 16 SEP	£335,000	£169,502	98% above HPI
2005 23 MAY	£336,000	£173,870	93% above HPI

MILLBROOK WAY 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 MILLBROOK WAY sales from May 2005 and September 2013 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 2005 sale was for 93% above the HPI. So the extrapolation line tracks at 93% above the HPI over time, until the September 2013 sale, where it rises to 98% above the HPI. The line then continues to track at 98% above the HPI.

What might MILLBROOK WAY be worth now?

MILLBROOK WAY might now be worth an estimated £565,742.

This is based on house price inflation of 68.9%, between September 2013 and February 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 68.9% inflationary increase is applied to the most recent sale price for MILLBROOK WAY of £335,000 on 16th September 2013. For the value to have increased from £335,000 to £565,742 over the twelve years and seven months to February 2025, the following assumptions must hold true:

• The value of MILLBROOK WAY has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The September 2013 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of MILLBROOK WAY has not materially changed since September 2013.

How Large is MILLBROOK WAY?

MILLBROOK WAY is 134m² according to the EPC inspection conducted in October 2010. This puts it in the largest 50% of detached houses houses in Tetford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tetford, and where MILLBROOK WAY lies on this distribution: 52% of detached houses houses are smaller than MILLBROOK WAY, and 48% of houses are larger. Note that EPC data is not available for all properties in Tetford.

MILLBROOK WAY: Plot and Title Map

MILLBROOK WAY sits on a plot of roughly 0.202 of an acre, or 817m². The below map shows the location of MILLBROOK WAY, 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 MILLBROOK WAY). 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 MILLBROOK WAY?

MILLBROOK WAY is located on DOVECOTE LANE in TETFORD, in the LN9 postcode district. The below map shows the position of MILLBROOK WAY on DOVECOTE LANE.