7, MILL ROAD, GAZELEY, NEWMARKET, CB8 8RW - £525,000

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.

7 MILL ROAD is a midsized extended detached house of 132m², built sometime before 1900, which could now be worth an estimated £587,192. It was last sold for £525,000 in May 2021, which was around 30% above the average May 2021 detached price in the West Suffolk local authority area. The most recent EPC inspection was February 2021, where the current energy rating was E, and the potential energy rating was A.

7 MILL ROAD Sold Prices

Land registry data shows two sales for 7 MILL ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. One of the two 7 MILL ROAD sales was for above the average price, whilst the other was 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
2021 10 MAY	£525,000	£402,801	30% above HPI
2017 28 NOV	£300,000	£383,747	22% below HPI

7 MILL ROAD 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 two 7 MILL ROAD sales from November 2017 and May 2021 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 November 2017 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the May 2021 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 7 MILL ROAD be worth now?

7 MILL ROAD might now be worth an estimated £587,192.

This is based on house price inflation of 11.8%, between May 2021 and February 2025, 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 11.8% inflationary increase is applied to the most recent sale price for 7 MILL ROAD of £525,000 on 10th May 2021. For the value to have increased from £525,000 to £587,192 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of 7 MILL ROAD has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The May 2021 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MILL ROAD has not materially changed since May 2021.

How Large is 7 MILL ROAD?

7 MILL ROAD is 132m², which includes three extensions, according to the EPC inspection conducted in February 2021. This puts it in the largest 50% of detached houses houses in Gazeley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gazeley, and where 7 MILL ROAD lies on this distribution: 55% of detached houses houses are smaller than 7 MILL ROAD, and 45% of houses are larger. Note that EPC data is not available for all properties in Gazeley.

7 MILL ROAD: Plot and Title Map

7 MILL ROAD sits on a plot of roughly 0.223 of an acre, or 901m². The below map shows the location of 7 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 7 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 7 MILL ROAD?

7 MILL ROAD is located in GAZELEY, in the CB8 postcode district. The below map shows the position of No. 7 on MILL ROAD.