THE MILL, WHITEGATE HILL, CAISTOR, MARKET RASEN, LN7 6SW - £190,000

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

THE MILL is a very large detached house of 156m², built sometime between 1996 and 2002, which could now be worth an estimated £210,622. It was last sold for £190,000 in October 2021, which was around 26% below the average October 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was August 2012, where the current energy rating was C, and the potential energy rating was B.

THE MILL Sold Prices

Land registry data shows two sales for THE 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 West Lindsey local authority area for the corresponding sale date. Both of the two 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
2021 6 OCT	£190,000	£257,023	26% below HPI
2016 2 DEC	£145,000	£209,449	31% below HPI

THE MILL 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 THE MILL sales from December 2016 and October 2021 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 December 2016 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the October 2021 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 £210,622.

This is based on house price inflation of 10.9%, between October 2021 and December 2024, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.9% inflationary increase is applied to the most recent sale price for THE MILL of £190,000 on 6th October 2021. For the value to have increased from £190,000 to £210,622 over the two years and ten months to December 2024, the following assumptions must hold true:

• The value of THE MILL has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The October 2021 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of THE MILL has not materially changed since October 2021.

How Large is THE MILL?

THE MILL is 156m² according to the EPC inspection conducted in August 2012. This puts it in the largest 20% of detached houses houses in Caistor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Caistor, and where THE MILL lies on this distribution: 81% of detached houses houses are smaller than THE MILL, and 19% of houses are larger. Note that EPC data is not available for all properties in Caistor.

THE MILL: Plot and Title Map

THE MILL sits on a plot of roughly 0.683 of an acre, or 2,766m². 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 WHITEGATE HILL in CAISTOR, in the LN7 postcode district. The below map shows the position of THE MILL on WHITEGATE HILL.