2, MILLBANK, NORTHAMPTON, NN3 5HJ - £260,000

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.

2 MILLBANK is a midsized extended detached house of 106m², built sometime between 1976 and 1982, which could now be worth an estimated £297,850. It was last sold for £260,000 in December 2020, which was around 37% below the average December 2020 detached price in the West Northamptonshire local authority area. The most recent EPC inspection was June 2019, where the current energy rating was E, and the potential energy rating was B.

2 MILLBANK Sold Prices

Land registry data shows three sales for 2 MILLBANK 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 Northamptonshire local authority area for the corresponding sale date. All of the three 2 MILLBANK 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
2020 11 DEC	£260,000	£414,081	37% below HPI
2020 27 FEB	£237,500	£388,871	39% below HPI
1996 22 OCT	£50,000	£91,105	45% below HPI

2 MILLBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Northamptonshire local authority area over time, sourced from the HPI. The three 2 MILLBANK sales between October 1996 and December 2020 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 February 2020 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the December 2020 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 2 MILLBANK be worth now?

2 MILLBANK might now be worth an estimated £297,850.

This is based on house price inflation of 14.6%, between December 2020 and February 2025, for detached houses, in the West Northamptonshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.6% inflationary increase is applied to the most recent sale price for 2 MILLBANK of £260,000 on 11th December 2020. For the value to have increased from £260,000 to £297,850 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 MILLBANK has moved in line with the HPI for detached houses in the West Northamptonshire local authority area.
• The December 2020 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MILLBANK has not materially changed since December 2020.

How Large is 2 MILLBANK?

2 MILLBANK is 106m², which includes one extension, according to the EPC inspection conducted in June 2019. This puts it in the smallest 50% of detached houses houses in Northampton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Northampton, and where 2 MILLBANK lies on this distribution: 43% of detached houses houses are smaller than 2 MILLBANK, and 57% of houses are larger. Note that EPC data is not available for all properties in Northampton.

2 MILLBANK: Plot and Title Map

2 MILLBANK sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of 2 MILLBANK, 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 MILLBANK). 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 MILLBANK?

2 MILLBANK is located in NORTHAMPTON, in the NN3 postcode district. The below map shows the position of No. 2 on MILLBANK.