2, MILL LANE, MARTIN, LINCOLN, LN4 3QZ - £415,000

2 MILL LANE is a midsized detached house of 146m². It was last sold for £415,000 in October 2022, which was around 28% above the average October 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2015, where the current energy rating was C, and the potential energy rating was B.

2 MILL LANE Sold Prices

Land registry data shows two sales for 2 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 North Kesteven local authority area for the corresponding sale date. Both of the two 2 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
2022 25 OCT	£415,000	£323,882	28% above HPI
2015 2 JUL	£285,000	£205,973	38% above HPI

2 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The two 2 MILL LANE sales from July 2015 and October 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 July 2015 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the October 2022 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is 2 MILL LANE?

2 MILL LANE is 146m² according to the EPC inspection conducted in June 2015. This puts it in the largest 50% of detached houses in Martin, based on EPC data. The below chart shows the distribution of detached houses by size in Martin, and where 2 MILL LANE lies on this distribution: 52% of detached houses are smaller than 2 MILL LANE, and 48% of houses are larger. Note that EPC data is not available for all properties in Martin.

2 MILL LANE: Plot and Title Map

2 MILL LANE sits on a plot of roughly 0.140 of an acre, or 568m². The below map shows the location of 2 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 2 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 2 MILL LANE?

2 MILL LANE is located in MARTIN, in the LN4 postcode district. The below map shows the position of No. 2 on MILL LANE.