18, MILL ROAD, MARKET RASEN, LN8 3BP - £120,000

18 MILL ROAD is a small semi-detached house of 86m², built sometime between 2003 and 2006. It was last sold for £120,000 in August 2017, which was around 45% below the average August 2017 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2009, where the current energy rating was C, and the potential energy rating was C.

18 MILL ROAD Sold Prices

Land registry data shows five sales for 18 MILL ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the five 18 MILL ROAD 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
2017 10 AUG	£120,000	£219,434	45% below HPI
2010 6 MAY	£105,000	£181,452	42% below HPI
2008 24 OCT	£115,000	£186,887	38% below HPI
2007 28 SEP	£122,500	£202,990	40% below HPI
2006 26 JUL	£119,950	£174,560	31% below HPI

18 MILL ROAD 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 five 18 MILL ROAD sales between July 2006 and August 2017 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 May 2010 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the August 2017 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 18 MILL ROAD?

18 MILL ROAD is 86m² according to the EPC inspection conducted in September 2009. This puts it in the smallest 30% of detached houses in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Market Rasen, and where 18 MILL ROAD lies on this distribution: 23% of detached houses are smaller than 18 MILL ROAD, and 77% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

18 MILL ROAD: Plot and Title Map

18 MILL ROAD sits on a plot of roughly 0.042 of an acre, or 169m². The below map shows the location of 18 MILL ROAD, 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 ROAD). 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 ROAD?

18 MILL ROAD is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 18 on MILL ROAD.