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

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 MILLERS CLOSE is a very small detached house of 45m², built sometime between 1991 and 1995, which could now be worth an estimated £201,180. 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	£262,853	52% below HPI
2001 20 JUL	£55,000	£130,946	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.

What might 2 MILLERS CLOSE be worth now?

2 MILLERS CLOSE might now be worth an estimated £201,180.

This is based on house price inflation of 60.9%, between February 2014 and February 2025, 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 60.9% inflationary increase is applied to the most recent sale price for 2 MILLERS CLOSE of £125,000 on 21st February 2014. For the value to have increased from £125,000 to £201,180 over the eleven years to February 2025, the following assumptions must hold true:

• The value of 2 MILLERS CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The February 2014 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MILLERS CLOSE has not materially changed since February 2014.

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 houses in Bungay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bungay, and where 2 MILLERS CLOSE lies on this distribution: Less than 1% of detached houses 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.