THE WINDMILL, MILL LANE, MORTON, GAINSBOROUGH, DN21 3BS - £200,000

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 WINDMILL is a very large extended detached house of 212m², built sometime before 1900, which could now be worth an estimated £291,325. It was last sold for £200,000 in December 2015, which was about the average December 2015 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was D.

THE WINDMILL Sold Prices

Land registry data shows four sales for THE WINDMILL since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. The four THE WINDMILL sales were a mix of roughly equal to the average price, above the average price, and 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
2015 11 DEC	£200,000	£199,855	Close to HPI
2013 15 NOV	£240,000	£187,316	28% above HPI
1999 6 AUG	£72,250	£70,022	3% above HPI
1999 3 MAR	£52,000	£65,470	21% below HPI

THE WINDMILL 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 four THE WINDMILL sales between March 1999 and December 2015 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 November 2013 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the December 2015 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might THE WINDMILL be worth now?

THE WINDMILL might now be worth an estimated £291,325.

This is based on house price inflation of 45.7%, between December 2015 and February 2025, 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 45.7% inflationary increase is applied to the most recent sale price for THE WINDMILL of £200,000 on 11th December 2015. For the value to have increased from £200,000 to £291,325 over the ten years and ten months to February 2025, the following assumptions must hold true:

• The value of THE WINDMILL has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The December 2015 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of THE WINDMILL has not materially changed since December 2015.

How Large is THE WINDMILL?

THE WINDMILL is 212m², which includes one extension, according to the EPC inspection conducted in November 2011. This puts it in the largest 10% of detached houses houses in Gainsborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gainsborough, and where THE WINDMILL lies on this distribution: 98% of detached houses houses are smaller than THE WINDMILL, and 2% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

THE WINDMILL: Plot and Title Map

THE WINDMILL sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of THE WINDMILL, 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 WINDMILL). 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 WINDMILL?

THE WINDMILL is located on MILL LANE in MORTON, in the DN21 postcode district. The below map shows the position of THE WINDMILL on MILL LANE.