THE OLD MILL, GRINDERS LANE, RIPPINGALE, BOURNE, PE10 0SZ - £282,000

THE OLD MILL is a midsized extended detached house of 157m², built sometime between 1900 and 1929. It was last sold for £282,000 in November 2006, which was around 22% above the average November 2006 detached price in the South Kesteven local authority area. The most recent EPC inspection was June 2015, where the current energy rating was E, and the potential energy rating was D.

THE OLD MILL Sold Prices

Land registry data shows two sales for THE OLD MILL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. One of the two THE OLD MILL 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
2006 3 NOV	£282,000	£232,043	22% above HPI
2004 10 NOV	£157,000	£213,167	26% below HPI

THE OLD MILL Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two THE OLD MILL sales from November 2004 and November 2006 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 November 2004 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the November 2006 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is THE OLD MILL?

THE OLD MILL is 157m², which includes one extension, according to the EPC inspection conducted in June 2015. This puts it in the largest 50% of detached houses in Rippingale, based on EPC data. The below chart shows the distribution of detached houses by size in Rippingale, and where THE OLD MILL lies on this distribution: 58% of detached houses are smaller than THE OLD MILL, and 41% of houses are larger. Note that EPC data is not available for all properties in Rippingale.

THE OLD MILL: Plot and Title Map

THE OLD MILL sits on a plot of roughly 0.280 of an acre, or 1,132m². The below map shows the location of THE OLD MILL, 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 THE OLD MILL). 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 THE OLD MILL?

THE OLD MILL is located on GRINDERS LANE in RIPPINGALE, in the PE10 postcode district. The below map shows the position of THE OLD MILL on GRINDERS LANE.