3, MILL REEF, NEWMARKET, CB8 7FB - £570,000

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 REEF is a very large detached house of 194m², built sometime from 2007 onwards. It was last sold for £570,000 in October 2011, which was around 117% above the average October 2011 detached price in the West Suffolk local authority area. The most recent EPC inspection was February 2011, where the current energy rating was C, and the potential energy rating was C.

3 MILL REEF Sold Prices

Land registry data shows two sales for 3 MILL REEF since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. Both of the two 3 MILL REEF sales were 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
2011 28 OCT	£570,000	£262,467	117% above HPI
2009 12 MAY	£500,000	£221,030	126% above HPI

3 MILL REEF 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 two 3 MILL REEF sales from May 2009 and October 2011 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 May 2009 sale was for 126% above the HPI. So the extrapolation line tracks at 126% above the HPI over time, until the October 2011 sale, where it falls to 117% above the HPI. The line then continues to track at 117% above the HPI.

How Large is 3 MILL REEF?

3 MILL REEF is 194m² according to the EPC inspection conducted in February 2011. This puts it in the largest 20% of detached houses in Newmarket, based on EPC data. The below chart shows the distribution of detached houses by size in Newmarket, and where 3 MILL REEF lies on this distribution: 84% of detached houses are smaller than 3 MILL REEF, and 16% of houses are larger. Note that EPC data is not available for all properties in Newmarket.

3 MILL REEF: Plot and Title Map

3 MILL REEF sits on a plot of roughly 0.101 of an acre, or 407m². The below map shows the location of 3 MILL REEF, 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 REEF). 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 REEF?

3 MILL REEF is located in NEWMARKET, in the CB8 postcode district. The below map shows the position of No. 3 on MILL REEF.