18, MILLS DRIVE, CORTON, LOWESTOFT, NR32 5JB - £228,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

18 MILLS DRIVE is a small detached house of 80m², built sometime between 1950 and 1966. It was last sold for £228,000 in May 2016, which was around 26% below the average May 2016 detached price in the East Suffolk local authority area. The most recent EPC inspection was January 2016, where the current energy rating was E, and the potential energy rating was D.

18 MILLS DRIVE Sold Prices

Land registry data shows three sales for 18 MILLS DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the three 18 MILLS DRIVE 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 MAY	£228,000	£307,292	26% below HPI
2007 21 MAR	£194,000	£246,715	21% below HPI
1997 24 JUL	£57,500	£82,831	31% below HPI

18 MILLS DRIVE 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 three 18 MILLS DRIVE sales between July 1997 and May 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 March 2007 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the May 2016 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 18 MILLS DRIVE?

18 MILLS DRIVE is 80m² according to the EPC inspection conducted in January 2016. This puts it in the smallest 30% of detached houses in Corton, based on EPC data. The below chart shows the distribution of detached houses by size in Corton, and where 18 MILLS DRIVE lies on this distribution: 29% of detached houses are smaller than 18 MILLS DRIVE, and 70% of houses are larger. Note that EPC data is not available for all properties in Corton.

18 MILLS DRIVE: Plot and Title Map

18 MILLS DRIVE sits on a plot of roughly 0.104 of an acre, or 423m². The below map shows the location of 18 MILLS DRIVE, 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 MILLS DRIVE). 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 MILLS DRIVE?

18 MILLS DRIVE is located in CORTON, in the NR32 postcode district. The below map shows the position of No. 18 on MILLS DRIVE.