2, NORTH TERRACE, MILDENHALL, BURY ST EDMUNDS, IP28 7AA - £365,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 NORTH TERRACE is a large detached house of 113m², built sometime between 1950 and 1966. It was last sold for £365,000 in February 2023, which was around 21% below the average February 2023 detached price in the West Suffolk local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

2 NORTH TERRACE Sold Prices

Land registry data shows six sales for 2 NORTH TERRACE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. All of the six 2 NORTH TERRACE 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
2023 17 FEB	£365,000	£460,502	21% below HPI
2021 6 JUL	£350,000	£402,854	13% below HPI
2015 10 JUN	£255,500	£313,650	19% below HPI
2004 17 FEB	£169,000	£220,497	23% below HPI
2000 23 NOV	£116,000	£134,773	14% below HPI
1996 19 JAN	£76,500	£79,362	4% below HPI

2 NORTH TERRACE 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 six 2 NORTH TERRACE sales between January 1996 and February 2023 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 2021 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the February 2023 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 2 NORTH TERRACE?

2 NORTH TERRACE is 113m² according to the EPC inspection conducted in November 2014. This puts it in the largest 40% of detached houses in Mildenhall, based on EPC data. The below chart shows the distribution of detached houses by size in Mildenhall, and where 2 NORTH TERRACE lies on this distribution: 69% of detached houses are smaller than 2 NORTH TERRACE, and 31% of houses are larger. Note that EPC data is not available for all properties in Mildenhall.

2 NORTH TERRACE: Plot and Title Map

2 NORTH TERRACE sits on a plot of roughly 0.129 of an acre, or 522m². The below map shows the location of 2 NORTH TERRACE, 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 NORTH TERRACE). 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 NORTH TERRACE?

2 NORTH TERRACE is located in MILDENHALL, in the IP28 postcode district. The below map shows the position of No. 2 on NORTH TERRACE.