MILL LODGE, BLACKMILL ROAD, CHATTERIS, PE16 6SR - £275,000

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.

MILL LODGE is a midsized detached house of 110m², built sometime between 1983 and 1990, which could now be worth an estimated £315,187. It was last sold for £275,000 in August 2020, which was around 3% above the average August 2020 detached price in the Fenland local authority area. The most recent EPC inspection was November 2013, where the current energy rating was C, and the potential energy rating was B.

MILL LODGE Sold Prices

Land registry data shows three sales for MILL LODGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Fenland local authority area for the corresponding sale date. All of the three MILL LODGE sales were for above 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 26 AUG	£275,000	£266,320	3% above HPI
2012 3 OCT	£175,000	£173,332	1% above HPI
2006 17 MAR	£193,000	£183,379	5% above HPI

MILL LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Fenland local authority area over time, sourced from the HPI. The three MILL LODGE sales between March 2006 and August 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 October 2012 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the August 2020 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might MILL LODGE be worth now?

MILL LODGE might now be worth an estimated £315,187.

This is based on house price inflation of 14.6%, between August 2020 and August 2025, for detached houses, in the Fenland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.6% inflationary increase is applied to the most recent sale price for MILL LODGE of £275,000 on 26th August 2020. For the value to have increased from £275,000 to £315,187 over the five years to August 2025, the following assumptions must hold true:

• The value of MILL LODGE has moved in line with the HPI for detached houses in the Fenland local authority area.
• The August 2020 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of MILL LODGE has not materially changed since August 2020.

How Large is MILL LODGE?

MILL LODGE is 110m² according to the EPC inspection conducted in November 2013. This puts it in the largest 50% of detached houses houses in Chatteris, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chatteris, and where MILL LODGE lies on this distribution: 51% of detached houses houses are smaller than MILL LODGE, and 48% of houses are larger. Note that EPC data is not available for all properties in Chatteris.

MILL LODGE: Plot and Title Map

MILL LODGE sits on a plot of roughly 0.114 of an acre, or 461m². The below map shows the location of MILL LODGE, 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 MILL LODGE). 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 MILL LODGE?

MILL LODGE is located on BLACKMILL ROAD in CHATTERIS, in the PE16 postcode district. The below map shows the position of MILL LODGE on BLACKMILL ROAD.