THE MILL, MILL STREET, LAMPETER, SA48 7HX - £166,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE MILL is a small extended detached house of 97m², built sometime before 1900, which could now be worth an estimated £218,227. It was last sold for £166,000 in March 2007, which was around 26% below the average March 2007 detached price in the Ceredigion local authority area. The most recent EPC inspection was March 2018, where the current energy rating was E, and the potential energy rating was B.

THE MILL Sold Prices

Land registry data shows three sales for THE MILL since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Ceredigion local authority area for the corresponding sale date. All of the three THE MILL 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
2007 27 MAR	£166,000	£223,199	26% below HPI
2000 16 OCT	£40,000	£91,899	56% below HPI
1996 20 DEC	£35,000	£64,623	46% below HPI

THE MILL Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ceredigion local authority area over time, sourced from the HPI. The three THE MILL sales between December 1996 and March 2007 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 October 2000 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the March 2007 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might THE MILL be worth now?

THE MILL might now be worth an estimated £218,227.

This is based on house price inflation of 31.5%, between March 2007 and February 2025, for detached houses, in the Ceredigion local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.5% inflationary increase is applied to the most recent sale price for THE MILL of £166,000 on 27th March 2007. For the value to have increased from £166,000 to £218,227 over the eighteen years and one month to February 2025, the following assumptions must hold true:

• The value of THE MILL has moved in line with the HPI for detached houses in the Ceredigion local authority area.
• The March 2007 sale price of £166,000 represented a fair market value for the property.
• The size, condition, and specification of THE MILL has not materially changed since March 2007.

How Large is THE MILL?

THE MILL is 97m², which includes two extensions, according to the EPC inspection conducted in March 2018. This puts it in the smallest 30% of detached houses houses in Lampeter, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lampeter, and where THE MILL lies on this distribution: 26% of detached houses houses are smaller than THE MILL, and 72% of houses are larger. Note that EPC data is not available for all properties in Lampeter.

THE MILL: Plot and Title Map

THE MILL sits on a plot of roughly 0.152 of an acre, or 617m². The below map shows the location of THE 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 THE 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 THE MILL?

THE MILL is located on MILL STREET in LAMPETER, in the SA48 postcode district. The below map shows the position of THE MILL on MILL STREET.