4, MILL FIELDS, BASSINGHAM, LINCOLN, LN5 9NP - £350,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 MILL FIELDS is a large extended detached house of 182m², built sometime between 1996 and 2002, which could now be worth an estimated £486,079. It was last sold for £350,000 in June 2016, which was around 60% above the average June 2016 detached price in the North Kesteven local authority area. The most recent EPC inspection was November 2015, where the current energy rating was E, and the potential energy rating was C.

4 MILL FIELDS Sold Prices

Land registry data shows two sales for 4 MILL FIELDS 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. One of the two 4 MILL FIELDS 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
2016 30 JUN	£350,000	£218,700	60% above HPI
1996 21 JUN	£20,000	£61,316	67% below HPI

4 MILL FIELDS 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 4 MILL FIELDS sales from June 1996 and June 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 June 1996 sale was for 67% below the HPI. So the extrapolation line tracks at 67% below the HPI over time, until the June 2016 sale, where it rises to 60% above the HPI. The line then continues to track at 60% above the HPI.

What might 4 MILL FIELDS be worth now?

4 MILL FIELDS might now be worth an estimated £486,079.

This is based on house price inflation of 38.9%, between June 2016 and June 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 38.9% inflationary increase is applied to the most recent sale price for 4 MILL FIELDS of £350,000 on 30th June 2016. For the value to have increased from £350,000 to £486,079 over the nine years to June 2025, the following assumptions must hold true:

• The value of 4 MILL FIELDS has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The June 2016 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MILL FIELDS has not materially changed since June 2016.

How Large is 4 MILL FIELDS?

4 MILL FIELDS is 182m², which includes one extension, according to the EPC inspection conducted in November 2015. This puts it in the largest 40% of detached houses houses in Bassingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bassingham, and where 4 MILL FIELDS lies on this distribution: 70% of detached houses houses are smaller than 4 MILL FIELDS, and 30% of houses are larger. Note that EPC data is not available for all properties in Bassingham.

4 MILL FIELDS: Plot and Title Map

4 MILL FIELDS sits on a plot of roughly 0.115 of an acre, or 467m². The below map shows the location of 4 MILL FIELDS, 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 4 MILL FIELDS). 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 4 MILL FIELDS?

4 MILL FIELDS is located in BASSINGHAM, in the LN5 postcode district. The below map shows the position of No. 4 on MILL FIELDS.