RHOADES MILL, MAIN ROAD, SIBSEY, BOSTON, PE22 0TW - £500,000

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

RHOADES MILL is a very large extended detached house of 166m², built sometime before 1900. It was last sold for £500,000 in December 2010, which was around 203% above the average December 2010 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2010, where the current energy rating was E, and the potential energy rating was D.

RHOADES MILL Sold Prices

Land registry data shows two sales for RHOADES MILL 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 RHOADES MILL 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
2010 23 DEC	£500,000	£165,271	203% above HPI
2008 29 MAY	£485,000	£178,069	172% above HPI

RHOADES MILL 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 RHOADES MILL sales from May 2008 and December 2010 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 2008 sale was for 172% above the HPI. So the extrapolation line tracks at 172% above the HPI over time, until the December 2010 sale, where it rises to 203% above the HPI. The line then continues to track at 203% above the HPI.

How Large is RHOADES MILL?

RHOADES MILL is 166m², which includes one extension, according to the EPC inspection conducted in June 2010. This puts it in the largest 20% of detached houses in Sibsey, based on EPC data. The below chart shows the distribution of detached houses by size in Sibsey, and where RHOADES MILL lies on this distribution: 88% of detached houses are smaller than RHOADES MILL, and 12% of houses are larger. Note that EPC data is not available for all properties in Sibsey.

RHOADES MILL: Plot and Title Map

RHOADES MILL sits on a plot of roughly 0.871 of an acre, or 3,524m². The below map shows the location of RHOADES MILL, 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 RHOADES MILL). 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 RHOADES MILL?

RHOADES MILL is located on MAIN ROAD in SIBSEY, in the PE22 postcode district. The below map shows the position of RHOADES MILL on MAIN ROAD.