3, MILL LANE, SALTFLEET, LOUTH, LN11 7SA - £147,500

3 MILL LANE is a very small detached house of 69m², built sometime between 2003 and 2006. It was last sold for £147,500 in August 2015, which was around 20% below the average August 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2010, where the current energy rating was E, and the potential energy rating was D.

3 MILL LANE Sold Prices

Land registry data shows three sales for 3 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 East Lindsey local authority area for the corresponding sale date. All of the three 3 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 11 AUG	£147,500	£184,958	20% below HPI
2014 25 JUN	£129,500	£174,182	26% below HPI
2003 8 MAY	£59,000	£127,898	54% below HPI

3 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The three 3 MILL LANE sales between May 2003 and August 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 2014 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the August 2015 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 3 MILL LANE?

3 MILL LANE is 69m² according to the EPC inspection conducted in March 2010. This puts it in the smallest 10% of detached houses in Saltfleet, based on EPC data. The below chart shows the distribution of detached houses by size in Saltfleet, and where 3 MILL LANE lies on this distribution: 5% of detached houses are smaller than 3 MILL LANE, and 95% of houses are larger. Note that EPC data is not available for all properties in Saltfleet.

3 MILL LANE: Plot and Title Map

3 MILL LANE sits on a plot of roughly 0.132 of an acre, or 536m². 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 SALTFLEET, in the LN11 postcode district. The below map shows the position of No. 3 on MILL LANE.