5, MILL REEF, NEWMARKET, CB8 7FB - £730,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 MILL REEF is a very large detached house of 183m², built sometime from 2007 onwards, which could now be worth an estimated £949,311. It was last sold for £730,000 in November 2016, which was around 105% above the average November 2016 detached price in the West Suffolk local authority area. The most recent EPC inspection was August 2014, where the current energy rating was C, and the potential energy rating was B.

5 MILL REEF Sold Prices

Land registry data shows three sales for 5 MILL REEF 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 5 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
2016 10 NOV	£730,000	£356,430	105% above HPI
2015 17 SEP	£750,000	£326,025	130% above HPI
2007 27 SEP	£850,000	£281,294	202% above HPI

5 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 three 5 MILL REEF sales between September 2007 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 September 2015 sale was for 130% above the HPI. So the extrapolation line tracks at 130% above the HPI over time, until the November 2016 sale, where it falls to 105% above the HPI. The line then continues to track at 105% above the HPI.

What might 5 MILL REEF be worth now?

5 MILL REEF might now be worth an estimated £949,311.

This is based on house price inflation of 30%, between November 2016 and December 2024, for detached houses, in the West Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30% inflationary increase is applied to the most recent sale price for 5 MILL REEF of £730,000 on 10th November 2016. For the value to have increased from £730,000 to £949,311 over the seven years and eleven months to December 2024, the following assumptions must hold true:

• The value of 5 MILL REEF has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The November 2016 sale price of £730,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MILL REEF has not materially changed since November 2016.

How Large is 5 MILL REEF?

5 MILL REEF is 183m² according to the EPC inspection conducted in August 2014. This puts it in the largest 20% of detached houses houses in Newmarket, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newmarket, and where 5 MILL REEF lies on this distribution: 82% of detached houses houses are smaller than 5 MILL REEF, and 18% of houses are larger. Note that EPC data is not available for all properties in Newmarket.

5 MILL REEF: Plot and Title Map

5 MILL REEF sits on a plot of roughly 0.122 of an acre, or 495m². The below map shows the location of 5 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 5 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 5 MILL REEF?

5 MILL REEF is located in NEWMARKET, in the CB8 postcode district. The below map shows the position of No. 5 on MILL REEF.