4, MILL LANE, BILLINGHAY, LINCOLN, LN4 4ES - £125,000

4 MILL LANE is a midsized detached house of 98m², built sometime between 1983 and 1990. It was last sold for £125,000 in March 2014, which was around 34% below the average March 2014 detached price in the North Kesteven local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was D.

4 MILL LANE Sold Prices

Land registry data shows three sales for 4 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 North Kesteven local authority area for the corresponding sale date. All of the three 4 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
2014 11 MAR	£125,000	£188,038	34% below HPI
1997 27 JUN	£51,000	£65,499	22% below HPI
1996 6 DEC	£46,500	£63,671	27% below HPI

4 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 three 4 MILL LANE sales between December 1996 and March 2014 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 1997 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the March 2014 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 4 MILL LANE?

4 MILL LANE is 98m² according to the EPC inspection conducted in April 2010. This puts it in the smallest 50% of detached houses in Billinghay, based on EPC data. The below chart shows the distribution of detached houses by size in Billinghay, and where 4 MILL LANE lies on this distribution: 41% of detached houses are smaller than 4 MILL LANE, and 59% of houses are larger. Note that EPC data is not available for all properties in Billinghay.

4 MILL LANE: Plot and Title Map

4 MILL LANE sits on a plot of roughly 0.111 of an acre, or 448m². The below map shows the location of 4 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 4 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 4 MILL LANE?

4 MILL LANE is located in BILLINGHAY, in the LN4 postcode district. The below map shows the position of No. 4 on MILL LANE.