2, MILLS DRIVE, CORTON, LOWESTOFT, NR32 5JB - £250,000

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 MILLS DRIVE is a midsized extended detached house of 95m², built sometime between 1950 and 1966. It was last sold for £250,000 in April 2020, which was around 28% below the average April 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was C.

2 MILLS DRIVE Sold Prices

Land registry data shows two sales for 2 MILLS DRIVE 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 MILLS DRIVE 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 7 APR	£250,000	£347,861	28% below HPI
2019 14 NOV	£155,000	£352,095	56% below HPI

2 MILLS DRIVE 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 MILLS DRIVE sales from November 2019 and April 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 November 2019 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the April 2020 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 2 MILLS DRIVE?

2 MILLS DRIVE is 95m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the largest 50% of detached houses in Corton, based on EPC data. The below chart shows the distribution of detached houses by size in Corton, and where 2 MILLS DRIVE lies on this distribution: 51% of detached houses are smaller than 2 MILLS DRIVE, and 48% of houses are larger. Note that EPC data is not available for all properties in Corton.

2 MILLS DRIVE: Plot and Title Map

2 MILLS DRIVE sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of 2 MILLS DRIVE, 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 MILLS DRIVE). 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 MILLS DRIVE?

2 MILLS DRIVE is located in CORTON, in the NR32 postcode district. The below map shows the position of No. 2 on MILLS DRIVE.