One The Mill, Mill Lane, Great Alne, Alcester, Warwickshire, B49 6JA See map
One The Mill Mill Lane is a flat with an estimated price today of £428,000.
Since the property was last sold in April 2019 for £382,000, its value has risen by £46,000 or 12%.
House Price Trends
Sold house prices and house price trends over time
Property Details
Flat features, location, and investment performance
One The Mill Mill Lane is a flat with a leasehold tenure.
The property has generated positive returns for its owners. Since its first recorded sale, the flat's price has risen 4% per year on average, and in the last year, it has risen 6%.
One The Mill, Mill Lane, Great Alne, Alcester, Warwickshire B49 6JA
Sold House Prices
Timeline of sold house prices
Since One The Mill Mill Lane's first recorded sale in 2000, the flat's price has risen by £213,000 or 4% per year.
During the same period, the price of an average home on Mill Lane increased by £498,000 or 10% per year, and the average UK home increased by 11% per year.
- Current valuation£428,000
Flat leasehold
+ 12% - Sold April 2019£382,000
Flat leasehold
- 5% - Sold June 2006£400,000
Flat leasehold
+ 86% - Sold March 2000£215,000
Flat leasehold
House Price Comparison
Comparison of local and national house prices
House Prices in Mill Lane start at £428,000 for the cheapest property on the street, rising to £1,211,000 for the most expensive.
One The Mill Mill Lane is worth 41% less than the £721,000 average property on Mill Lane and 45% more than the £296,000 UK average home.
Compare Average Flat Prices in England and Wales
Valuation details
Property valuation details and commonly asked questions
- Is the One The Mill Mill Lane valuation rising or falling?
- Can I afford to buy One The Mill Mill Lane?
- How is the One The Mill Mill Lane investment score calculated?
- How is the One The Mill Mill Lane valuation estimated?
- Where are the figures sourced?
- What if the details are incorrect?
Is the One The Mill Mill Lane valuation rising or falling?
The One The Mill Mill Lane valuation estimate has risen in the past year, increasing by 6% or £25,000.
Can I afford to buy One The Mill Mill Lane?
What property you can afford will depend on your financial situation and estimates of how much you can afford to borrow for a mortgage. Mortgage lenders use different rules to calculate how much you can borrow and what interest you will pay.
For example, if a mortgage lender allowed you to borrow 4.5x income and you could afford a 30% deposit of £128,400, then your annual income would need to be at least £66,578 to meet One The Mill Mill Lane's current valuation of £428,000.
How is the One The Mill Mill Lane investment score calculated?
The investment score measures historic short-term and long-term house price trends.
Properties with high long-term and short-term returns will have the highest scores. Equally, properties with negative returns will have a lower score.
Past performance, however, does not guarantee future returns, and price rises may have been due to extensions or other improvements to the property.
How does the size of One The Mill Mill Lane compare?
The flat has 0 sq ft of internal floor area, which is 100% smaller than the 950-square-foot average UK home.
How is the One The Mill Mill Lane valuation estimated?
A house or flat valuation is estimated using sold prices and house price trends of similar properties in the area.
Each valuation uses our Repeat Sales House Price Index, which tracks price trends in large areas such as cities or towns. We use the index and local price trends (e.g. price increases in a street or postcode) to estimate property value.
The value estimates are most accurate when a property has sold recently and when there are similar properties nearby.
A valuation can, in some cases, be inaccurate. For example, if there have been significant changes to a property since it was last sold (e.g. an extension).
We try to make the valuations as accurate as possible, but they are estimates. When buying or selling property, you should speak to a qualified professional.
Where are the figures sourced?
Sold house prices and property types/tenures are from HM Land Registry.
There is a time delay in property sales appearing in HM Land Registry, which can be up to three months.
What if the details are incorrect?
We generate all our property valuations programmatically. They cannot be manually edited based on new information, such as evidence of redevelopment.
If sold property prices or property types are incorrect, you should verify them with HM Land Registry. You can notify HM Land Registry of any errors.