4, MARTIN CLOSE, MILDENHALL, BURY ST EDMUNDS, IP28 7LQ - £250,000

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

4 MARTIN CLOSE is a very large extended detached house of 187m², built sometime between 1991 and 1995. It was last sold for £250,000 in November 2016, which was around 29% below the average November 2016 detached price in the West Suffolk local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

4 MARTIN CLOSE Sold Prices

Land registry data shows three sales for 4 MARTIN CLOSE 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. All of the three 4 MARTIN CLOSE 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
2016 25 NOV	£250,000	£351,873	29% below HPI
2004 19 AUG	£182,500	£237,921	23% below HPI
2002 5 DEC	£147,000	£192,558	24% below HPI

4 MARTIN CLOSE 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 4 MARTIN CLOSE sales between December 2002 and November 2016 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 2004 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the November 2016 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 4 MARTIN CLOSE?

4 MARTIN CLOSE is 187m², which includes two extensions, according to the EPC inspection conducted in February 2022. This puts it in the largest 10% of detached houses in Mildenhall, based on EPC data. The below chart shows the distribution of detached houses by size in Mildenhall, and where 4 MARTIN CLOSE lies on this distribution: 97% of detached houses are smaller than 4 MARTIN CLOSE, and 3% of houses are larger. Note that EPC data is not available for all properties in Mildenhall.

4 MARTIN CLOSE: Plot and Title Map

4 MARTIN CLOSE sits on a plot of roughly 0.118 of an acre, or 478m². The below map shows the location of 4 MARTIN CLOSE, 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 4 MARTIN CLOSE). 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 4 MARTIN CLOSE?

4 MARTIN CLOSE is located in MILDENHALL, in the IP28 postcode district. The below map shows the position of No. 4 on MARTIN CLOSE.