5, MILL LANE, FELIXSTOWE, IP11 7RL - £405,000

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

5 MILL LANE is a very large extended detached house of 223m², built sometime between 1900 and 1929. It was last sold for £405,000 in November 2012, which was around 62% above the average November 2012 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2010, where the current energy rating was D, and the potential energy rating was D.

5 MILL LANE Sold Prices

Land registry data shows two sales for 5 MILL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two 5 MILL LANE 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
2012 27 NOV	£405,000	£250,298	62% above HPI
2007 12 JUL	£350,000	£250,789	40% above HPI

5 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two 5 MILL LANE sales from July 2007 and November 2012 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 July 2007 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the November 2012 sale, where it rises to 62% above the HPI. The line then continues to track at 62% above the HPI.

How Large is 5 MILL LANE?

5 MILL LANE is 223m², which includes two extensions, according to the EPC inspection conducted in October 2010. This puts it in the largest 10% of detached houses in Felixstowe, based on EPC data. The below chart shows the distribution of detached houses by size in Felixstowe, and where 5 MILL LANE lies on this distribution: 96% of detached houses are smaller than 5 MILL LANE, and 4% of houses are larger. Note that EPC data is not available for all properties in Felixstowe.

5 MILL LANE: Plot and Title Map

5 MILL LANE sits on a plot of roughly 0.198 of an acre, or 800m². The below map shows the location of 5 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 5 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 5 MILL LANE?

5 MILL LANE is located in FELIXSTOWE, in the IP11 postcode district. The below map shows the position of No. 5 on MILL LANE.