13, MILLBANK, LOWESTOFT, NR32 3HG - £187,500

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

13 MILLBANK is a small detached house of 78m², built sometime between 1976 and 1982. It was last sold for £187,500 in February 2016, which was around 38% below the average February 2016 detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was C.

13 MILLBANK Sold Prices

Land registry data shows five sales for 13 MILLBANK since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the five 13 MILLBANK 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
2016 12 FEB	£187,500	£304,504	38% below HPI
2015 22 DEC	£182,000	£302,738	40% below HPI
2011 21 OCT	£145,000	£253,599	43% below HPI
2003 8 AUG	£131,000	£190,047	31% below HPI
1999 19 MAR	£57,500	£90,454	36% below HPI

13 MILLBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The five 13 MILLBANK sales between March 1999 and February 2016 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 December 2015 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the February 2016 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 13 MILLBANK?

13 MILLBANK is 78m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 30% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 13 MILLBANK lies on this distribution: 28% of detached houses are smaller than 13 MILLBANK, and 72% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

13 MILLBANK: Plot and Title Map

13 MILLBANK sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 13 MILLBANK, 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 13 MILLBANK). 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 13 MILLBANK?

13 MILLBANK is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 13 on MILLBANK.