2, MILL LANE, BARROW, BURY ST EDMUNDS, IP29 5BS - £285,000

2 MILL LANE is a small extended detached house of 82m², built sometime between 1950 and 1966. It was last sold for £285,000 in January 2017, which was around 20% below the average January 2017 detached price in the West Suffolk local authority area. The most recent EPC inspection was October 2016, where the current energy rating was E, and the potential energy rating was C.

2 MILL LANE Sold Prices

Land registry data shows two sales for 2 MILL LANE 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 2 MILL LANE 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
2017 20 JAN	£285,000	£355,603	20% below HPI
2004 20 DEC	£215,000	£237,235	9% below HPI

2 MILL LANE 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 2 MILL LANE sales from December 2004 and January 2017 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 2004 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the January 2017 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 2 MILL LANE?

2 MILL LANE is 82m², which includes one extension, according to the EPC inspection conducted in October 2016. This puts it in the smallest 30% of detached houses in Barrow, based on EPC data. The below chart shows the distribution of detached houses by size in Barrow, and where 2 MILL LANE lies on this distribution: 22% of detached houses are smaller than 2 MILL LANE, and 77% of houses are larger. Note that EPC data is not available for all properties in Barrow.

2 MILL LANE: Plot and Title Map

2 MILL LANE sits on a plot of roughly 0.218 of an acre, or 882m². The below map shows the location of 2 MILL LANE, 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 2 MILL LANE). 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 2 MILL LANE?

2 MILL LANE is located in BARROW, in the IP29 postcode district. The below map shows the position of No. 2 on MILL LANE.