12, MILL CLOSE, WAINFLEET, SKEGNESS, PE24 4NY - £118,500

12 MILL CLOSE is a very small detached house of 54m², built sometime between 2003 and 2006. It was last sold for £118,500 in April 2014, which was around 31% below the average April 2014 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was C.

12 MILL CLOSE Sold Prices

Land registry data shows three sales for 12 MILL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three 12 MILL CLOSE 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
2014 17 APR	£118,500	£171,205	31% below HPI
2006 14 JUL	£122,000	£180,885	33% below HPI
2002 2 AUG	£101,000	£105,490	4% below HPI

12 MILL CLOSE 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 three 12 MILL CLOSE sales between August 2002 and April 2014 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 July 2006 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the April 2014 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 12 MILL CLOSE?

12 MILL CLOSE is 54m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 10% of detached houses in Wainfleet All Saints, based on EPC data. The below chart shows the distribution of detached houses by size in Wainfleet All Saints, and where 12 MILL CLOSE lies on this distribution: 3% of detached houses are smaller than 12 MILL CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Wainfleet All Saints.

12 MILL CLOSE: Plot and Title Map

12 MILL CLOSE sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 12 MILL CLOSE, 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 12 MILL CLOSE). 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 12 MILL CLOSE?

12 MILL CLOSE is located in WAINFLEET, in the PE24 postcode district. The below map shows the position of No. 12 on MILL CLOSE.