5, MILL ROAD, KIRBY CANE, BUNGAY, NR35 2PW - £158,500

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.

5 MILL ROAD is a very small extended terraced house of 65m², built sometime before 1900, which could now be worth an estimated £221,828. It was last sold for £158,500 in September 2015, which was about the average September 2015 terraced price in the South Norfolk local authority area. The most recent EPC inspection was July 2009, where the current energy rating was D, and the potential energy rating was C.

5 MILL ROAD Sold Prices

Land registry data shows three sales for 5 MILL ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the South Norfolk local authority area for the corresponding sale date. The three 5 MILL ROAD sales were a mix of roughly equal to the average price, above the average price, and 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
2015 4 SEP	£158,500	£158,799	Close to HPI
2014 28 MAR	£130,000	£140,892	8% below HPI
1997 20 JUN	£48,000	£40,828	18% above HPI

5 MILL ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the South Norfolk local authority area over time, sourced from the HPI. The three 5 MILL ROAD sales between June 1997 and September 2015 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 2014 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the September 2015 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 5 MILL ROAD be worth now?

5 MILL ROAD might now be worth an estimated £221,828.

This is based on house price inflation of 40%, between September 2015 and July 2025, for terraced houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 40% inflationary increase is applied to the most recent sale price for 5 MILL ROAD of £158,500 on 4th September 2015. For the value to have increased from £158,500 to £221,828 over the ten years and two months to July 2025, the following assumptions must hold true:

• The value of 5 MILL ROAD has moved in line with the HPI for terraced houses in the South Norfolk local authority area.
• The September 2015 sale price of £158,500 represented a fair market value for the property.
• The size, condition, and specification of 5 MILL ROAD has not materially changed since September 2015.

How Large is 5 MILL ROAD?

5 MILL ROAD is 65m², which includes one extension, according to the EPC inspection conducted in July 2009. This puts it in the smallest 10% of terraced houses houses in Kirby Cane, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Kirby Cane, and where 5 MILL ROAD lies on this distribution: 4% of terraced houses houses are smaller than 5 MILL ROAD, and 96% of houses are larger. Note that EPC data is not available for all properties in Kirby Cane.

5 MILL ROAD: Plot and Title Map

5 MILL ROAD sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of 5 MILL ROAD, 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 ROAD). 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 ROAD?

5 MILL ROAD is located in KIRBY CANE, in the NR35 postcode district. The below map shows the position of No. 5 on MILL ROAD.