20, MILL LANE, THETFORD, IP24 3BZ - £320,000

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

20 MILL LANE is a very large extended detached house of 214m², built sometime between 1950 and 1966. It was last sold for £320,000 in August 2014, which was around 38% above the average August 2014 detached price in the Breckland local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was C.

20 MILL LANE Sold Prices

Land registry data shows two sales for 20 MILL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. One of the two 20 MILL LANE sales was for above the average price, whilst the other was 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 1 AUG	£320,000	£231,787	38% above HPI
2000 25 AUG	£55,000	£103,006	47% below HPI

20 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The two 20 MILL LANE sales from August 2000 and August 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 August 2000 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the August 2014 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

How Large is 20 MILL LANE?

20 MILL LANE is 214m², which includes two extensions, according to the EPC inspection conducted in May 2013. This puts it in the largest 10% of detached houses in Thetford, based on EPC data. The below chart shows the distribution of detached houses by size in Thetford, and where 20 MILL LANE lies on this distribution: 98% of detached houses are smaller than 20 MILL LANE, and 2% of houses are larger. Note that EPC data is not available for all properties in Thetford.

20 MILL LANE: Plot and Title Map

20 MILL LANE sits on a plot of roughly 0.267 of an acre, or 1,081m². The below map shows the location of 20 MILL LANE, 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 20 MILL LANE). 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 20 MILL LANE?

20 MILL LANE is located in THETFORD, in the IP24 postcode district. The below map shows the position of No. 20 on MILL LANE.