3, MILL LANE, BARROW, BURY ST EDMUNDS, IP29 5BS - £520,000

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.

3 MILL LANE is a very large detached house of 162m², built sometime between 2003 and 2006, which could now be worth an estimated £617,830. It was last sold for £520,000 in October 2017, which was around 37% above the average October 2017 detached price in the West Suffolk local authority area. The most recent EPC inspection was September 2015, where the current energy rating was C, and the potential energy rating was B.

3 MILL LANE Sold Prices

Land registry data shows three sales for 3 MILL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. Two of the three 3 MILL LANE sales were for above the average price, whilst one 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
2017 30 OCT	£520,000	£379,180	37% above HPI
2005 24 AUG	£328,500	£246,002	34% above HPI
1997 10 JUL	£69,000	£88,963	22% below HPI

3 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 three 3 MILL LANE sales between July 1997 and October 2017 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 2005 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the October 2017 sale, where it rises to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might 3 MILL LANE be worth now?

3 MILL LANE might now be worth an estimated £617,830.

This is based on house price inflation of 18.8%, between October 2017 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 18.8% inflationary increase is applied to the most recent sale price for 3 MILL LANE of £520,000 on 30th October 2017. For the value to have increased from £520,000 to £617,830 over the eight years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 MILL LANE has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The October 2017 sale price of £520,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MILL LANE has not materially changed since October 2017.

How Large is 3 MILL LANE?

3 MILL LANE is 162m² according to the EPC inspection conducted in September 2015. This puts it in the largest 10% 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 3 MILL LANE lies on this distribution: 91% of detached houses houses are smaller than 3 MILL LANE, and 9% of houses are larger. Note that EPC data is not available for all properties in Barrow.

3 MILL LANE: Plot and Title Map

3 MILL LANE sits on a plot of roughly 0.185 of an acre, or 747m². The below map shows the location of 3 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 3 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 3 MILL LANE?

3 MILL LANE is located in BARROW, in the IP29 postcode district. The below map shows the position of No. 3 on MILL LANE.