24, MILL LANE, BARROW, BURY ST EDMUNDS, IP29 5BS - £471,500

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.

24 MILL LANE is a midsized extended detached house of 98m², built sometime between 1967 and 1975, which could now be worth an estimated £482,139. It was last sold for £471,500 in December 2021, which was around 7% above the average December 2021 detached price in the West Suffolk local authority area. The most recent EPC inspection was October 2021, where the current energy rating was E, and the potential energy rating was C.

24 MILL LANE Sold Prices

Land registry data shows five sales for 24 MILL LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. Most of the five 24 MILL LANE 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
2021 9 DEC	£471,500	£440,576	7% above HPI
2013 19 DEC	£230,000	£279,295	18% below HPI
2009 13 FEB	£215,000	£229,382	6% below HPI
2001 5 OCT	£124,500	£151,656	18% below HPI
1995 30 JUN	£74,000	£79,811	7% below HPI

24 MILL LANE 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 five 24 MILL LANE sales between June 1995 and December 2021 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 December 2013 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the December 2021 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 24 MILL LANE be worth now?

24 MILL LANE might now be worth an estimated £482,139.

This is based on house price inflation of 2.3%, between December 2021 and February 2025, for detached houses, in the West Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.3% inflationary increase is applied to the most recent sale price for 24 MILL LANE of £471,500 on 9th December 2021. For the value to have increased from £471,500 to £482,139 over the four years and ten months to February 2025, the following assumptions must hold true:

• The value of 24 MILL LANE has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The December 2021 sale price of £471,500 represented a fair market value for the property.
• The size, condition, and specification of 24 MILL LANE has not materially changed since December 2021.

How Large is 24 MILL LANE?

24 MILL LANE is 98m², which includes two extensions, according to the EPC inspection conducted in October 2021. This puts it in the largest 50% of detached houses houses in Barrow, based on EPC data. The below chart shows the distribution of detached houses houses by size in Barrow, and where 24 MILL LANE lies on this distribution: 50% of detached houses houses are smaller than 24 MILL LANE, and 50% of houses are larger. Note that EPC data is not available for all properties in Barrow.

24 MILL LANE: Plot and Title Map

24 MILL LANE sits on a plot of roughly 0.192 of an acre, or 776m². The below map shows the location of 24 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 24 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 24 MILL LANE?

24 MILL LANE is located in BARROW, in the IP29 postcode district. The below map shows the position of No. 24 on MILL LANE.