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

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.

13 MILLBANK is a small detached house of 78m², built sometime between 1976 and 1982, which could now be worth an estimated £259,063. 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	£304,551	38% below HPI
2015 22 DEC	£182,000	£302,785	40% below HPI
2011 21 OCT	£145,000	£253,639	43% below HPI
2003 8 AUG	£131,000	£190,076	31% below HPI
1999 19 MAR	£57,500	£90,468	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.

What might 13 MILLBANK be worth now?

13 MILLBANK might now be worth an estimated £259,063.

This is based on house price inflation of 38.2%, between February 2016 and July 2025, for detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 38.2% inflationary increase is applied to the most recent sale price for 13 MILLBANK of £187,500 on 12th February 2016. For the value to have increased from £187,500 to £259,063 over the eight years and seven months to July 2025, the following assumptions must hold true:

• The value of 13 MILLBANK has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The February 2016 sale price of £187,500 represented a fair market value for the property.
• The size, condition, and specification of 13 MILLBANK has not materially changed since February 2016.

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 houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lowestoft, and where 13 MILLBANK lies on this distribution: 27% of detached houses houses are smaller than 13 MILLBANK, and 73% 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.