18, MILL LANE, GODALMING, GU7 1EY - £373,500

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.

18 MILL LANE is a very small extended semi-detached house of 40m², built sometime before 1900, which could now be worth an estimated £536,429. It was last sold for £373,500 in May 2015, which was around 1% below the average May 2015 semi-detached price in the Waverley local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was D.

18 MILL LANE Sold Prices

Land registry data shows three sales for 18 MILL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Waverley local authority area for the corresponding sale date. All of the three 18 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
2015 28 MAY	£373,500	£378,075	1% below HPI
2012 22 JUN	£309,865	£320,817	3% below HPI
2007 23 NOV	£270,000	£317,550	15% below HPI

18 MILL LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Waverley local authority area over time, sourced from the HPI. The three 18 MILL LANE sales between November 2007 and May 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 June 2012 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the May 2015 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 18 MILL LANE be worth now?

18 MILL LANE might now be worth an estimated £536,429.

This is based on house price inflation of 43.6%, between May 2015 and February 2025, for semi-detached houses, in the Waverley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 43.6% inflationary increase is applied to the most recent sale price for 18 MILL LANE of £373,500 on 28th May 2015. For the value to have increased from £373,500 to £536,429 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of 18 MILL LANE has moved in line with the HPI for semi-detached houses in the Waverley local authority area.
• The May 2015 sale price of £373,500 represented a fair market value for the property.
• The size, condition, and specification of 18 MILL LANE has not materially changed since May 2015.

How Large is 18 MILL LANE?

18 MILL LANE is 40m², which includes two extensions, according to the EPC inspection conducted in January 2012. This puts it in the smallest 10% of semi-detached houses houses in Godalming, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Godalming, and where 18 MILL LANE lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 18 MILL LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Godalming.

18 MILL LANE: Plot and Title Map

18 MILL LANE sits on a plot of roughly 0.035 of an acre, or 143m². The below map shows the location of 18 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 18 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 18 MILL LANE?

18 MILL LANE is located in GODALMING, in the GU7 postcode district. The below map shows the position of No. 18 on MILL LANE.