2, MILLERS CLOSE, BUNGAY, NR35 1HJ - £125,000

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 MILLERS CLOSE is a very small detached house of 45m², built sometime between 1991 and 1995. It was last sold for £125,000 in February 2014, which was around 52% below the average February 2014 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2014, where the current energy rating was E, and the potential energy rating was B.

2 MILLERS CLOSE Sold Prices

Land registry data shows two sales for 2 MILLERS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two 2 MILLERS CLOSE 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
2014 21 FEB	£125,000	£262,812	52% below HPI
2001 20 JUL	£55,000	£130,926	58% below HPI

2 MILLERS 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 two 2 MILLERS CLOSE sales from July 2001 and February 2014 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 July 2001 sale was for 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the February 2014 sale, where it rises to 52% below the HPI. The line then continues to track at 52% below the HPI.

How Large is 2 MILLERS CLOSE?

2 MILLERS CLOSE is 45m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 10% of detached houses in Bungay, based on EPC data. The below chart shows the distribution of detached houses by size in Bungay, and where 2 MILLERS CLOSE lies on this distribution: Less than 1% of detached houses are smaller than 2 MILLERS CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Bungay.

2 MILLERS CLOSE: Plot and Title Map

2 MILLERS CLOSE sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 2 MILLERS 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 MILLERS 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 MILLERS CLOSE?

2 MILLERS CLOSE is located in BUNGAY, in the NR35 postcode district. The below map shows the position of No. 2 on MILLERS CLOSE.