12, MILL ROAD, LAKENHEATH, BRANDON, IP27 9DU - £360,000

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

12 MILL ROAD is a very large extended detached house of 156m², built sometime between 1950 and 1966. It was last sold for £360,000 in November 2021, which was around 16% below the average November 2021 detached price in the West Suffolk local authority area. The most recent EPC inspection was June 2018, where the current energy rating was E, and the potential energy rating was C.

12 MILL ROAD Sold Prices

Land registry data shows two sales for 12 MILL ROAD 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 12 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
2021 12 NOV	£360,000	£428,790	16% below HPI
2019 25 JAN	£282,000	£378,968	26% below HPI

12 MILL ROAD 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 12 MILL ROAD sales from January 2019 and November 2021 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 January 2019 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the November 2021 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 12 MILL ROAD?

12 MILL ROAD is 156m², which includes two extensions, according to the EPC inspection conducted in June 2018. This puts it in the largest 10% of detached houses in Lakenheath, based on EPC data. The below chart shows the distribution of detached houses by size in Lakenheath, and where 12 MILL ROAD lies on this distribution: 90% of detached houses are smaller than 12 MILL ROAD, and 9% of houses are larger. Note that EPC data is not available for all properties in Lakenheath.

12 MILL ROAD: Plot and Title Map

12 MILL ROAD sits on a plot of roughly 0.190 of an acre, or 771m². The below map shows the location of 12 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 12 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 12 MILL ROAD?

12 MILL ROAD is located in LAKENHEATH, in the IP27 postcode district. The below map shows the position of No. 12 on MILL ROAD.