21, MILL LANE, NEWBOLD VERDON, LEICESTER, LE9 9PT - £224,000

21 MILL LANE is a very small detached house of 82m², built sometime between 1976 and 1982. It was last sold for £224,000 in February 2016, which was around 10% below the average February 2016 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was October 2015, where the current energy rating was C, and the potential energy rating was B.

21 MILL LANE Sold Prices

Land registry data shows three sales for 21 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 Hinckley and Bosworth local authority area for the corresponding sale date. All of the three 21 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
2016 19 FEB	£224,000	£247,782	10% below HPI
2013 10 OCT	£155,000	£219,290	29% below HPI
2004 30 JAN	£148,000	£185,164	20% below HPI

21 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hinckley and Bosworth local authority area over time, sourced from the HPI. The three 21 MILL LANE sales between January 2004 and February 2016 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 October 2013 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the February 2016 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 21 MILL LANE?

21 MILL LANE is 82m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 20% of detached houses in Newbold Verdon, based on EPC data. The below chart shows the distribution of detached houses by size in Newbold Verdon, and where 21 MILL LANE lies on this distribution: 17% of detached houses are smaller than 21 MILL LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Newbold Verdon.

21 MILL LANE: Plot and Title Map

21 MILL LANE sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 21 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 21 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 21 MILL LANE?

21 MILL LANE is located in NEWBOLD VERDON, in the LE9 postcode district. The below map shows the position of No. 21 on MILL LANE.