16, MILL LANE, MORTON, GAINSBOROUGH, DN21 3BW - £335,000

16 MILL LANE is a very large extended detached house of 161m², built sometime between 1900 and 1929. It was last sold for £335,000 in June 2021, which was around 29% above the average June 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

16 MILL LANE Sold Prices

Land registry data shows three sales for 16 MILL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Two of the three 16 MILL LANE sales were for above the average price, whilst one was 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 29 JUN	£335,000	£258,781	29% above HPI
2018 6 JUL	£195,000	£221,955	12% below HPI
2008 16 MAY	£190,000	£185,159	3% above HPI

16 MILL LANE 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 three 16 MILL LANE sales between May 2008 and June 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 July 2018 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the June 2021 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

How Large is 16 MILL LANE?

16 MILL LANE is 161m², which includes one extension, according to the EPC inspection conducted in October 2016. This puts it in the largest 10% of detached houses in Gainsborough, based on EPC data. The below chart shows the distribution of detached houses by size in Gainsborough, and where 16 MILL LANE lies on this distribution: 92% of detached houses are smaller than 16 MILL LANE, and 8% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

16 MILL LANE: Plot and Title Map

16 MILL LANE sits on a plot of roughly 0.117 of an acre, or 472m². The below map shows the location of 16 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 16 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 16 MILL LANE?

16 MILL LANE is located in MORTON, in the DN21 postcode district. The below map shows the position of No. 16 on MILL LANE.