15, MILL LANE, CLOPHILL, BEDFORD, MK45 4BX - £215,000

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.

15 MILL LANE is a very small terraced house of 41m², built sometime between 1900 and 1929, which could now be worth an estimated £306,871. It was last sold for £215,000 in September 2015, which was around 4% above the average September 2015 terraced price in the Central Bedfordshire local authority area. The most recent EPC inspection was March 2010, where the current energy rating was F, and the potential energy rating was F.

15 MILL LANE Sold Prices

Land registry data shows five sales for 15 MILL LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Central Bedfordshire local authority area for the corresponding sale date. Most of the five 15 MILL LANE sales were for above 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 24 SEP	£215,000	£206,687	4% above HPI
2010 12 NOV	£151,900	£161,712	6% below HPI
2005 21 OCT	£152,000	£150,458	1% above HPI
2002 31 MAY	£104,000	£98,977	5% above HPI
2001 26 OCT	£91,000	£91,534	1% below HPI

15 MILL LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The five 15 MILL LANE sales between October 2001 and September 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 2010 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the September 2015 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 15 MILL LANE be worth now?

15 MILL LANE might now be worth an estimated £306,871.

This is based on house price inflation of 42.7%, between September 2015 and June 2025, for terraced houses, in the Central Bedfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 42.7% inflationary increase is applied to the most recent sale price for 15 MILL LANE of £215,000 on 24th September 2015. For the value to have increased from £215,000 to £306,871 over the ten years and three months to June 2025, the following assumptions must hold true:

• The value of 15 MILL LANE has moved in line with the HPI for terraced houses in the Central Bedfordshire local authority area.
• The September 2015 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MILL LANE has not materially changed since September 2015.

How Large is 15 MILL LANE?

15 MILL LANE is 41m² according to the EPC inspection conducted in March 2010. This puts it in the smallest 10% of terraced houses houses in Clophill, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Clophill, and where 15 MILL LANE lies on this distribution: Less than 1% of terraced houses houses are smaller than 15 MILL LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Clophill.

15 MILL LANE: Plot and Title Map

15 MILL LANE sits on a plot of roughly 0.018 of an acre, or 72m². The below map shows the location of 15 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 15 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 15 MILL LANE?

15 MILL LANE is located in CLOPHILL, in the MK45 postcode district. The below map shows the position of No. 15 on MILL LANE.