3, MILL RISE, HOLBROOK, IPSWICH, IP9 2QH - £265,000

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 RISE is a very small detached house of 77m², built sometime between 1976 and 1982, which could now be worth an estimated £301,771. It was last sold for £265,000 in February 2020, which was around 38% below the average February 2020 detached price in the Babergh local authority area. The most recent EPC inspection was August 2019, where the current energy rating was E, and the potential energy rating was B.

3 MILL RISE Sold Prices

Land registry data shows two sales for 3 MILL RISE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Babergh local authority area for the corresponding sale date. Both of the two 3 MILL RISE 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
2020 10 FEB	£265,000	£429,867	38% below HPI
2003 7 MAR	£175,000	£217,078	19% below HPI

3 MILL RISE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Babergh local authority area over time, sourced from the HPI. The two 3 MILL RISE sales from March 2003 and February 2020 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 March 2003 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the February 2020 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 3 MILL RISE be worth now?

3 MILL RISE might now be worth an estimated £301,771.

This is based on house price inflation of 13.9%, between February 2020 and February 2025, for detached houses, in the Babergh local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.9% inflationary increase is applied to the most recent sale price for 3 MILL RISE of £265,000 on 10th February 2020. For the value to have increased from £265,000 to £301,771 over the five years to February 2025, the following assumptions must hold true:

• The value of 3 MILL RISE has moved in line with the HPI for detached houses in the Babergh local authority area.
• The February 2020 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MILL RISE has not materially changed since February 2020.

How Large is 3 MILL RISE?

3 MILL RISE is 77m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 10% of detached houses houses in Holbrook, based on EPC data. The below chart shows the distribution of detached houses houses by size in Holbrook, and where 3 MILL RISE lies on this distribution: 5% of detached houses houses are smaller than 3 MILL RISE, and 95% of houses are larger. Note that EPC data is not available for all properties in Holbrook.

3 MILL RISE: Plot and Title Map

3 MILL RISE sits on a plot of roughly 0.140 of an acre, or 566m². The below map shows the location of 3 MILL RISE, 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 RISE). 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 RISE?

3 MILL RISE is located in HOLBROOK, in the IP9 postcode district. The below map shows the position of No. 3 on MILL RISE.