51, MILL LANE, CARBROOKE, THETFORD, IP25 6TD - £202,500

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.

51 MILL LANE is a very small detached house of 90m², built sometime between 1950 and 1966, which could now be worth an estimated £247,057. It was last sold for £202,500 in November 2018, which was around 33% below the average November 2018 detached price in the Breckland local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was C.

51 MILL LANE Sold Prices

Land registry data shows four sales for 51 MILL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. All of the four 51 MILL LANE 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
2018 23 NOV	£202,500	£303,623	33% below HPI
2007 4 MAY	£185,000	£225,469	18% below HPI
1999 25 OCT	£68,500	£92,950	26% below HPI
1998 2 NOV	£55,000	£80,258	31% below HPI

51 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The four 51 MILL LANE sales between November 1998 and November 2018 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 May 2007 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the November 2018 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 51 MILL LANE be worth now?

51 MILL LANE might now be worth an estimated £247,057.

This is based on house price inflation of 22%, between November 2018 and February 2025, for detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22% inflationary increase is applied to the most recent sale price for 51 MILL LANE of £202,500 on 23rd November 2018. For the value to have increased from £202,500 to £247,057 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 51 MILL LANE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The November 2018 sale price of £202,500 represented a fair market value for the property.
• The size, condition, and specification of 51 MILL LANE has not materially changed since November 2018.

How Large is 51 MILL LANE?

51 MILL LANE is 90m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 20% of detached houses houses in Carbrooke, based on EPC data. The below chart shows the distribution of detached houses houses by size in Carbrooke, and where 51 MILL LANE lies on this distribution: 16% of detached houses houses are smaller than 51 MILL LANE, and 84% of houses are larger. Note that EPC data is not available for all properties in Carbrooke.

51 MILL LANE: Plot and Title Map

51 MILL LANE sits on a plot of roughly 0.125 of an acre, or 505m². The below map shows the location of 51 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 51 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 51 MILL LANE?

51 MILL LANE is located in CARBROOKE, in the IP25 postcode district. The below map shows the position of No. 51 on MILL LANE.