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
7 MILL ROAD is a small extended detached house of 95m², built sometime between 1991 and 1995. It was last sold for £72,000 in November 2000, which was around 22% below the average November 2000 detached price in the Fenland local authority area. The most recent EPC inspection was December 2015, where the current energy rating was D, and the potential energy rating was B.
Land registry data shows three sales for 7 MILL ROAD since 1st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Fenland local authority area for the corresponding sale date. All of the three 7 MILL ROAD 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 |
---|---|---|---|
2000 24 NOV | £72,000 | £92,543 | 22% below HPI |
1998 23 OCT | £57,500 | £68,077 | 16% below HPI |
1997 8 DEC | £52,500 | £61,605 | 15% below HPI |
The below graph shows the average detached house price in the Fenland local authority area over time, sourced from the HPI. The three 7 MILL ROAD sales between December 1997 and November 2000 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 October 1998 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the November 2000 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.
7 MILL ROAD is 95m², which includes two extensions, according to the EPC inspection conducted in December 2015. This puts it in the smallest 40% of detached houses in Murrow, based on EPC data. The below chart shows the distribution of detached houses by size in Murrow, and where 7 MILL ROAD lies on this distribution: 34% of detached houses are smaller than 7 MILL ROAD, and 65% of houses are larger. Note that EPC data is not available for all properties in Murrow.
7 MILL ROAD sits on a plot of roughly 0.059 of an acre, or 241m². 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.
7 MILL ROAD is located in MURROW, in the PE13 postcode district. The below map shows the position of No. 7 on MILL ROAD.