2, MILL VIEW CLOSE, WOODBRIDGE, IP12 4HR - £425,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 MILL VIEW CLOSE is a small extended detached house of 97m², built sometime between 1950 and 1966, which could now be worth an estimated £410,919. It was last sold for £425,000 in August 2023, which was about the average August 2023 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was C.

2 MILL VIEW CLOSE Sold Prices

Land registry data shows three sales for 2 MILL VIEW CLOSE 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. The three 2 MILL VIEW CLOSE sales were a mix of roughly equal to the average price, and 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
2023 15 AUG	£425,000	£427,035	Close to HPI
2018 17 AUG	£285,000	£357,913	20% below HPI
2017 6 JAN	£248,000	£326,273	24% below HPI

2 MILL VIEW CLOSE 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 2 MILL VIEW CLOSE sales between January 2017 and August 2023 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 August 2018 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2023 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 2 MILL VIEW CLOSE be worth now?

2 MILL VIEW CLOSE might now be worth an estimated £410,919.

This is based on house price deflation of 3.3%, between August 2023 and December 2024, 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 3.3% deflationary decrease is applied to the most recent sale price for 2 MILL VIEW CLOSE of £425,000 on 15th August 2023. For the value to have decreased from £425,000 to £410,919 over the eight months to December 2024, the following assumptions must hold true:

• The value of 2 MILL VIEW CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The August 2023 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MILL VIEW CLOSE has not materially changed since August 2023.

How Large is 2 MILL VIEW CLOSE?

2 MILL VIEW CLOSE is 97m², which includes two extensions, according to the EPC inspection conducted in October 2015. This puts it in the smallest 30% of detached houses houses in Woodbridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woodbridge, and where 2 MILL VIEW CLOSE lies on this distribution: 25% of detached houses houses are smaller than 2 MILL VIEW CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Woodbridge.

2 MILL VIEW CLOSE: Plot and Title Map

2 MILL VIEW CLOSE sits on a plot of roughly 0.111 of an acre, or 451m². The below map shows the location of 2 MILL VIEW CLOSE, 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 VIEW CLOSE). 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 VIEW CLOSE?

2 MILL VIEW CLOSE is located in WOODBRIDGE, in the IP12 postcode district. The below map shows the position of No. 2 on MILL VIEW CLOSE.