18, GRANGE MILL, CHEVINGTON, BURY ST EDMUNDS, IP29 5PQ - £235,000

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.

18 GRANGE MILL is a small detached house of 92m², built sometime between 1996 and 2002, which could now be worth an estimated £398,214. It was last sold for £235,000 in October 2011, which was around 12% below the average October 2011 detached price in the West Suffolk local authority area. The most recent EPC inspection was December 2009, where the current energy rating was D, and the potential energy rating was C.

18 GRANGE MILL Sold Prices

Land registry data shows three sales for 18 GRANGE MILL since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. All of the three 18 GRANGE MILL 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
2011 18 OCT	£235,000	£265,866	12% below HPI
2007 27 MAR	£237,600	£261,168	9% below HPI
2000 5 MAY	£119,500	£124,679	4% below HPI

18 GRANGE MILL 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 three 18 GRANGE MILL sales between May 2000 and October 2011 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 March 2007 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2011 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 18 GRANGE MILL be worth now?

18 GRANGE MILL might now be worth an estimated £398,214.

This is based on house price inflation of 69.5%, between October 2011 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 69.5% inflationary increase is applied to the most recent sale price for 18 GRANGE MILL of £235,000 on 18th October 2011. For the value to have increased from £235,000 to £398,214 over the fourteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 18 GRANGE MILL has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The October 2011 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 18 GRANGE MILL has not materially changed since October 2011.

How Large is 18 GRANGE MILL?

18 GRANGE MILL is 92m² according to the EPC inspection conducted in December 2009. This puts it in the smallest 30% of detached houses houses in Chevington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chevington, and where 18 GRANGE MILL lies on this distribution: 25% of detached houses houses are smaller than 18 GRANGE MILL, and 75% of houses are larger. Note that EPC data is not available for all properties in Chevington.

18 GRANGE MILL: Plot and Title Map

18 GRANGE MILL sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of 18 GRANGE MILL, 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 18 GRANGE MILL). 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 18 GRANGE MILL?

18 GRANGE MILL is located in CHEVINGTON, in the IP29 postcode district. The below map shows the position of No. 18 on GRANGE MILL.