Housing Market Analysis for MILL LANE, LE16 8RU

Are you looking to understand LE16 8RU house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Rutland postcode.

For the location information and nearby amenities in the LE16 8RU area, explore the LE16 8RU Area information page.
For comprehensive crime statistics in the LE16 8RU area, explore the LE16 8RU Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the LE16 8RU postcode area, The average prices are as follows,

  • Other
    • The average price is around £340,000 median price is £340,000 Standard Deviation is £0 with Total Sold: 1
    • The Last 5 Year average price is £340,000 with Total Sold: 1
    • The most recent sale happened at this postcode is GARAGE BELONGING TO, 1 MILL LANE: £340,000 (Sold on 08 Dec 2020)
    • The first recorded sale happened at this postcode is GARAGE BELONGING TO, 1 MILL LANE: £340,000 (Sold on 08 Dec 2020)
  • Detached
    • The average price is around £294,998 median price is £294,998 Standard Deviation is £45,002 with Total Sold: 2
    • The Last 5 Year average price is £340,000 with Total Sold: 1
    • The most recent sale happened at this postcode is 1 MILL LANE: £340,000 (Sold on 08 Dec 2020)
    • The first recorded sale happened at this postcode is IVY HOUSE FARM MILL LANE: £249,995 (Sold on 29 Jul 2002)
  • Terraced
    • The average price is around £201,000 median price is £201,000 Standard Deviation is £119,000 with Total Sold: 2
    • The Last 5 Year average price is £320,000 with Total Sold: 1
    • The most recent sale happened at this postcode is 9 MILL LANE: £320,000 (Sold on 16 Aug 2019)
    • The first recorded sale happened at this postcode is 9 MILL LANE: £82,000 (Sold on 20 Aug 1997)
  • Semi-Detached
    • The average price is around £143,000 median price is £143,000 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is 8 MILL LANE: £143,000 (Sold on 12 Nov 1998)
    • The first recorded sale happened at this postcode is 8 MILL LANE: £143,000 (Sold on 12 Nov 1998)

Sold Price Trend Over the Years:

Below table and chart gives the average LE16 8RU house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2020£340,0001
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2020£340,000 £4,304 1
2002£249,9951
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2019£320,000 £3,200 1
1997£82,000 £820 1
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
1998£143,000 £953 1

All the Sales in the MILL LANE, LE16 8RU

See the table below for more details on the sold house prices in the LE16 8RU, Rutland postcode.

AddressSold DatePrice% Change
GARAGE BELONGING TO, 1 MILL LANEOther, Freehold08 Dec 2020£340,000First Sale
1 MILL LANEDetached, FreeholdArea: 79 Sq.mtrAge: 1950-196608 Dec 2020£340,000First Sale
9 MILL LANETerraced, FreeholdArea: 100 Sq.mtrAge: before 190016 Aug 2019£320,000290.24%
20 Aug 1997£82,000First Sale
IVY HOUSE FARM MILL LANEDetached, Freehold29 Jul 2002£249,995First Sale
8 MILL LANESemi-Detached, FreeholdArea: 150 Sq.mtrAge: before 190012 Nov 1998£143,000First Sale

Check out the sold house prices near the LE16 8RU postcode. Properties currently for saleProperties currently for rent

MILL LANE, LE16 8RU Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the LE16 8RU postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the LE16 8RU postcode.

  • Detached
    • The average price is around £323,850 median price is £292,500 Standard Deviation is £177,327 with Total Sold: 64
    • The Last 5 Year average price is £492,321 with Total Sold: 14
    • The most recent sale happened at this postcode is , 8 MAIN STREET: £480,000 (Sold on 22 Aug 2024)
    • The first recorded sale happened at this postcode is , 5 MAIN STREET: £96,500 (Sold on 03 Jan 1996)
  • Semi-Detached
    • The average price is around £190,355 median price is £165,000 Standard Deviation is £151,062 with Total Sold: 49
    • The Last 5 Year average price is £299,722 with Total Sold: 9
    • The most recent sale happened at this postcode is , THE COTTAGE CHURCH CLOSE: £315,000 (Sold on 29 Feb 2024)
    • The first recorded sale happened at this postcode is , 1 WELLAND CLOSE: £49,995 (Sold on 16 Jun 1995)
  • Terraced
    • The average price is around £165,783 median price is £183,000 Standard Deviation is £76,549 with Total Sold: 22
    • The Last 5 Year average price is £212,786 with Total Sold: 7
    • The most recent sale happened at this postcode is , 27 MAIN STREET: £130,000 (Sold on 10 Nov 2023)
    • The first recorded sale happened at this postcode is , 9 MILL LANE: £82,000 (Sold on 20 Aug 1997)
  • Other
    • The average price is around £340,000 median price is £340,000 Standard Deviation is £0 with Total Sold: 1
    • The Last 5 Year average price is £340,000 with Total Sold: 1
    • The most recent sale happened at this postcode is GARAGE BELONGING TO, 1 MILL LANE: £340,000 (Sold on 08 Dec 2020)
    • The first recorded sale happened at this postcode is GARAGE BELONGING TO, 1 MILL LANE: £340,000 (Sold on 08 Dec 2020)
  • Flat
    • The average price is around £64,000 median price is £76,000 Standard Deviation is £29,563 with Total Sold: 4
    • The most recent sale happened at this postcode is , 15 WELLAND CLOSE: £80,000 (Sold on 14 Mar 2014)
    • The first recorded sale happened at this postcode is , 11 WELLAND CLOSE: £14,000 (Sold on 26 Jan 1998)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£550,000 £2,966 3
2023£621,667 £4,255 3
2022£570,500 £2,779 2
2021£390,000 £3,122 2
2020£454,000 £3,601 2
2019£274,250 £2,416 2
2018£168,000 £2,427 1
2017£482,857 £2,539 7
2016£456,000 £3,219 1
2015£295,500 £2,266 3
2014£323,125 £1,798 4
2013£264,983 £2,458 3
2012£272,500 £1,634 2
2011£230,000 £1,284 1
2010£320,0001
2008£272,000 £2,412 2
2007£422,500 £3,496 2
2006£430,000 £3,035 1
2005£400,0001
2004£185,000 £1,713 1
2003£203,750 £2,100 2
2002£239,998 £781 3
2001£166,333 £876 3
2000£176,667 £1,085 3
1999£191,2502
1998£138,167 £1,061 3
1997£63,475 £151 2
1996£138,250 £536 2
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£315,000 £5,081 1
2023£395,000 £3,110 1
2022£526,2502
2021£232,500 £2,824 2
2020£156,667 £2,600 3
2018£237,500 £2,481 3
2017£223,000 £2,157 4
2016£180,000 £1,552 1
2014£164,000 £1,929 2
2009£379,975 £2,662 2
2008£160,000 £2,051 1
2007£323,800 £3,545 5
2006£193,000 £3,113 1
2003£137,500 £1,562 1
2002£117,988 £1,158 4
2001£57,500 £1,085 1
1999£82,167 £504 3
1998£101,667 £1,085 6
1997£52,000 £740 2
1996£54,000 £871 1
1995£34,6653
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£150,000 £3,053 2
2021£240,500 £3,215 2
2020£138,500 £2,430 1
2019£285,000 £3,124 2
2016£198,975 £2,427 4
2015£213,162 £2,600 2
2012£280,000 £3,182 1
2011£116,5001
2005£98,000 £1,690 1
2003£120,0001
2002£87,5001
2001£62,500 £1,096 1
1999£44,5002
1997£82,000 £820 1
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2020£340,0001
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2014£80,000 £1,333 1
2011£72,0001
2005£90,0001
1998£14,0001

House Type in LE16 8RU area

The most common house types in the LE16 8RU postcode area are Detached (61), Semi-detached (39), and Terraced (22).

Total131
Detached61
Semi-detached39
Terraced22
Flat6
Shared house2
commercial building1
converted building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (59), and Owned: Owns with a mortgage or loan (41).

Owned: Owns outright59
Owned: Owns with a mortgage or loan41
Private rented: Private landlord or letting agency15
Social rented: Other social rented7
Social rented: Rents from council or Local Authority4
Private rented: Other private rented4
Lives rent free2
Does not apply0
Shared ownership: Shared ownership0

Number of People in a Household

The most houses in the LE16 8RU have 2 people in household (63), and 1 person in household (34).

2 people in household63
1 person in household34
3 people in household18
4 people in household11
5 people in household6
0 people in household0
6 people in household0
7 people in household0
8 or more people in household0