MILLWOOD, STATION ROAD, LANGWORTH, LINCOLN, LN3 5BB - £280,000

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

MILLWOOD is a large extended detached house of 155m², built sometime between 1967 and 1975. It was last sold for £280,000 in October 2018, which was around 24% above the average October 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2012, where the current energy rating was E, and the potential energy rating was C.

MILLWOOD Sold Prices

Land registry data shows two sales for MILLWOOD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two MILLWOOD 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
2018 5 OCT	£280,000	£225,536	24% above HPI
2012 21 SEP	£194,000	£177,473	9% above HPI

MILLWOOD Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two MILLWOOD sales from September 2012 and October 2018 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 September 2012 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the October 2018 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is MILLWOOD?

MILLWOOD is 155m², which includes one extension, according to the EPC inspection conducted in April 2012. This puts it in the largest 30% of detached houses in Langworth, based on EPC data. The below chart shows the distribution of detached houses by size in Langworth, and where MILLWOOD lies on this distribution: 77% of detached houses are smaller than MILLWOOD, and 23% of houses are larger. Note that EPC data is not available for all properties in Langworth.

MILLWOOD: Plot and Title Map

MILLWOOD sits on a plot of roughly 0.330 of an acre, or 1,336m². The below map shows the location of MILLWOOD, 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 MILLWOOD). 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 MILLWOOD?

MILLWOOD is located on STATION ROAD in LANGWORTH, in the LN3 postcode district. The below map shows the position of MILLWOOD on STATION ROAD.