3, MILL LANE, SWAFFHAM, PE37 7EU - £197,000

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

3 MILL LANE is a small detached house of 82m², built sometime between 1950 and 1966. It was last sold for £197,000 in May 2013, which was around 4% below the average May 2013 detached price in the Breckland local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, 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 Breckland local authority area for the corresponding sale date. Two of the three 3 MILL LANE sales were for below the average price, whilst one was for above 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
2013 24 MAY	£197,000	£204,283	4% below HPI
2005 28 JUN	£249,500	£198,353	26% above HPI
2004 5 NOV	£160,000	£199,004	20% below HPI

3 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 three 3 MILL LANE sales between November 2004 and May 2013 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 June 2005 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the May 2013 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 3 MILL LANE?

3 MILL LANE is 82m² according to the EPC inspection conducted in September 2012. This puts it in the smallest 30% of detached houses in Swaffham, based on EPC data. The below chart shows the distribution of detached houses by size in Swaffham, and where 3 MILL LANE lies on this distribution: 23% of detached houses are smaller than 3 MILL LANE, and 76% of houses are larger. Note that EPC data is not available for all properties in Swaffham.

3 MILL LANE: Plot and Title Map

3 MILL LANE sits on a plot of roughly 0.207 of an acre, or 836m². 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 SWAFFHAM, in the PE37 postcode district. The below map shows the position of No. 3 on MILL LANE.