3, MILL LANE, EAST LEAKE, LOUGHBOROUGH, LE12 6NE - £390,000

3 MILL LANE is a very large extended detached house of 147m², built sometime between 1976 and 1982. It was last sold for £390,000 in March 2020, which was around 1% above the average March 2020 detached price in the Rushcliffe local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

3 MILL LANE Sold Prices

Land registry data shows two sales for 3 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 Rushcliffe local authority area for the corresponding sale date. One of the two 3 MILL LANE sales was for above the average price, whilst the other 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
2020 9 MAR	£390,000	£386,082	1% above HPI
2010 5 AUG	£230,000	£277,327	17% below HPI

3 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rushcliffe local authority area over time, sourced from the HPI. The two 3 MILL LANE sales from August 2010 and March 2020 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 August 2010 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the March 2020 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 3 MILL LANE?

3 MILL LANE is 147m², which includes two extensions, according to the EPC inspection conducted in October 2019. This puts it in the largest 20% of detached houses in East Leake, based on EPC data. The below chart shows the distribution of detached houses by size in East Leake, and where 3 MILL LANE lies on this distribution: 82% of detached houses are smaller than 3 MILL LANE, and 18% of houses are larger. Note that EPC data is not available for all properties in East Leake.

3 MILL LANE: Plot and Title Map

3 MILL LANE sits on a plot of roughly 0.171 of an acre, or 692m². The below map shows the location of 3 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 3 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 3 MILL LANE?

3 MILL LANE is located in EAST LEAKE, in the LE12 postcode district. The below map shows the position of No. 3 on MILL LANE.