1, MILL REEF, NEWMARKET, CB8 7FB - £490,000

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.

1 MILL REEF is a very large extended detached house of 221m², built sometime between 2007 and 2011, which could now be worth an estimated £1,002,599. It was last sold for £490,000 in April 2009, which was around 123% above the average April 2009 detached price in the West Suffolk local authority area. The most recent EPC inspection was July 2024, where the current energy rating was C, and the potential energy rating was B.

1 MILL REEF Sold Prices

Land registry data shows two sales for 1 MILL REEF since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. Both of the two 1 MILL REEF 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
2009 22 APR	£490,000	£220,181	123% above HPI
2008 19 SEP	£650,000	£261,755	148% above HPI

1 MILL REEF Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Suffolk local authority area over time, sourced from the HPI. The two 1 MILL REEF sales from September 2008 and April 2009 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 2008 sale was for 148% above the HPI. So the extrapolation line tracks at 148% above the HPI over time, until the April 2009 sale, where it falls to 123% above the HPI. The line then continues to track at 123% above the HPI.

What might 1 MILL REEF be worth now?

1 MILL REEF might now be worth an estimated £1,002,599.

This is based on house price inflation of 104.6%, between April 2009 and February 2025, for detached houses, in the West Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 104.6% inflationary increase is applied to the most recent sale price for 1 MILL REEF of £490,000 on 22nd April 2009. For the value to have increased from £490,000 to £1,002,599 over the sixteen years and two months to February 2025, the following assumptions must hold true:

• The value of 1 MILL REEF has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The April 2009 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MILL REEF has not materially changed since April 2009.

How Large is 1 MILL REEF?

1 MILL REEF is 221m², which includes one extension, according to the EPC inspection conducted in July 2024. This puts it in the largest 10% of detached houses houses in Newmarket, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newmarket, and where 1 MILL REEF lies on this distribution: 90% of detached houses houses are smaller than 1 MILL REEF, and 10% of houses are larger. Note that EPC data is not available for all properties in Newmarket.

1 MILL REEF: Plot and Title Map

1 MILL REEF sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of 1 MILL REEF, 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 1 MILL REEF). 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 1 MILL REEF?

1 MILL REEF is located in NEWMARKET, in the CB8 postcode district. The below map shows the position of No. 1 on MILL REEF.