62, MILL LANE, FELIXSTOWE, IP11 2NN - £240,000

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

62 MILL LANE is a very small detached house of 62m², built sometime between 1930 and 1949. It was last sold for £240,000 in October 2015, which was around 21% below the average October 2015 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was B.

62 MILL LANE Sold Prices

Land registry data shows two sales for 62 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 62 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
2015 9 OCT	£240,000	£302,168	21% below HPI
2007 24 AUG	£179,950	£261,746	31% below HPI

62 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 62 MILL LANE sales from August 2007 and October 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 August 2007 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the October 2015 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 62 MILL LANE?

62 MILL LANE is 62m² according to the EPC inspection conducted in November 2012. This puts it in the smallest 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 62 MILL LANE lies on this distribution: 3% of detached houses are smaller than 62 MILL LANE, and 96% of houses are larger. Note that EPC data is not available for all properties in Felixstowe.

62 MILL LANE: Plot and Title Map

62 MILL LANE sits on a plot of roughly 0.113 of an acre, or 459m². The below map shows the location of 62 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 62 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 62 MILL LANE?

62 MILL LANE is located in FELIXSTOWE, in the IP11 postcode district. The below map shows the position of No. 62 on MILL LANE.