8, MILL LANE, HOGSTHORPE, SKEGNESS, PE24 5NF - £190,000

8 MILL LANE is a very large extended detached house of 160m², built sometime between 1900 and 1929. It was last sold for £190,000 in September 2015, which was around 1% above the average September 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2008, where the current energy rating was E, and the potential energy rating was E.

8 MILL LANE Sold Prices

Land registry data shows three sales for 8 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. The three 8 MILL LANE sales were a mix of above the average price, and roughly equal to 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 18 SEP	£190,000	£187,244	1% above HPI
2009 25 SEP	£165,000	£165,486	Close to HPI
2004 11 MAY	£167,500	£155,981	7% above HPI

8 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 8 MILL LANE sales between May 2004 and September 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 September 2009 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the September 2015 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 8 MILL LANE?

8 MILL LANE is 160m², which includes two extensions, according to the EPC inspection conducted in November 2008. This puts it in the largest 10% of detached houses in Hogsthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Hogsthorpe, and where 8 MILL LANE lies on this distribution: 94% of detached houses are smaller than 8 MILL LANE, and 6% of houses are larger. Note that EPC data is not available for all properties in Hogsthorpe.

8 MILL LANE: Plot and Title Map

8 MILL LANE sits on a plot of roughly 0.157 of an acre, or 634m². The below map shows the location of 8 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 8 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 8 MILL LANE?

8 MILL LANE is located in HOGSTHORPE, in the PE24 postcode district. The below map shows the position of No. 8 on MILL LANE.