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

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 RISE is a very small detached house of 77m², built sometime between 1976 and 1982. It was last sold for £265,000 in February 2020, which was around 37% 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	£420,405	37% below HPI
2003 7 MAR	£175,000	£212,300	18% 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 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the February 2020 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

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 in Holbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Holbrook, and where 3 MILL RISE lies on this distribution: 5% of detached 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.