12, MILL LANE, BUTTERWICK, BOSTON, PE22 0JE - £235,000

12 MILL LANE is a small extended detached house of 75m², built sometime between 1967 and 1975. It was last sold for £235,000 in February 2022, which was around 5% below the average February 2022 detached price in the Boston local authority area. The most recent EPC inspection was December 2017, where the current energy rating was E, and the potential energy rating was A.

12 MILL LANE Sold Prices

Land registry data shows two sales for 12 MILL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Boston local authority area for the corresponding sale date. Both of the two 12 MILL LANE 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
2022 18 FEB	£235,000	£246,700	5% below HPI
2017 18 DEC	£145,000	£201,154	28% below HPI

12 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Boston local authority area over time, sourced from the HPI. The two 12 MILL LANE sales from December 2017 and February 2022 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 2017 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the February 2022 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 12 MILL LANE?

12 MILL LANE is 75m², which includes one extension, according to the EPC inspection conducted in December 2017. This puts it in the smallest 30% of detached houses in Butterwick, based on EPC data. The below chart shows the distribution of detached houses by size in Butterwick, and where 12 MILL LANE lies on this distribution: 20% of detached houses are smaller than 12 MILL LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Butterwick.

12 MILL LANE: Plot and Title Map

12 MILL LANE sits on a plot of roughly 0.146 of an acre, or 590m². The below map shows the location of 12 MILL LANE, 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 LANE). 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 LANE?

12 MILL LANE is located in BUTTERWICK, in the PE22 postcode district. The below map shows the position of No. 12 on MILL LANE.