2, MILL VIEW, GAZELEY, NEWMARKET, CB8 8RN - £314,000

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

2 MILL VIEW is a very small extended detached house of 90m², built sometime between 1967 and 1975. It was last sold for £314,000 in October 2015, which was around 3% below the average October 2015 detached price in the West Suffolk local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was B.

2 MILL VIEW Sold Prices

Land registry data shows three sales for 2 MILL VIEW 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 2 MILL VIEW 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
2015 30 OCT	£314,000	£323,624	3% below HPI
2013 31 MAY	£220,000	£268,085	18% below HPI
2000 25 SEP	£110,500	£136,705	19% below HPI

2 MILL VIEW 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 2 MILL VIEW sales between September 2000 and October 2015 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 May 2013 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2015 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 2 MILL VIEW?

2 MILL VIEW is 90m², which includes one extension, according to the EPC inspection conducted in June 2012. This puts it in the smallest 20% of detached houses in Gazeley, based on EPC data. The below chart shows the distribution of detached houses by size in Gazeley, and where 2 MILL VIEW lies on this distribution: 18% of detached houses are smaller than 2 MILL VIEW, and 82% of houses are larger. Note that EPC data is not available for all properties in Gazeley.

2 MILL VIEW: Plot and Title Map

2 MILL VIEW sits on a plot of roughly 0.100 of an acre, or 404m². The below map shows the location of 2 MILL VIEW, 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). 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?

2 MILL VIEW is located in GAZELEY, in the CB8 postcode district. The below map shows the position of No. 2 on MILL VIEW.