1, MILL ROAD, EMNETH, WISBECH, PE14 8AE - £213,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 MILL ROAD is a large extended detached house of 126m², built sometime between 1967 and 1975. It was last sold for £213,000 in June 2015, which was around 10% below the average June 2015 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was May 2015, where the current energy rating was E, and the potential energy rating was C.

1 MILL ROAD Sold Prices

Land registry data shows four sales for 1 MILL ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. Most of the four 1 MILL ROAD sales were 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
2015 24 JUN	£213,000	£236,576	10% below HPI
2007 11 OCT	£212,000	£220,309	4% below HPI
2001 22 JUN	£115,000	£101,294	14% above HPI
1995 29 SEP	£51,000	£57,962	12% below HPI

1 MILL ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the King's Lynn and West Norfolk local authority area over time, sourced from the HPI. The four 1 MILL ROAD sales between September 1995 and June 2015 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 2007 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the June 2015 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 1 MILL ROAD?

1 MILL ROAD is 126m², which includes two extensions, according to the EPC inspection conducted in May 2015. This puts it in the largest 40% of detached houses in Emneth, based on EPC data. The below chart shows the distribution of detached houses by size in Emneth, and where 1 MILL ROAD lies on this distribution: 64% of detached houses are smaller than 1 MILL ROAD, and 35% of houses are larger. Note that EPC data is not available for all properties in Emneth.

1 MILL ROAD: Plot and Title Map

1 MILL ROAD sits on a plot of roughly 0.124 of an acre, or 502m². The below map shows the location of 1 MILL ROAD, 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 ROAD). 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 ROAD?

1 MILL ROAD is located in EMNETH, in the PE14 postcode district. The below map shows the position of No. 1 on MILL ROAD.