MILL BANK, BREDE, RYE, TN31 6EA - £325,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

MILL BANK is a large detached house of 167m², built sometime between 1976 and 1982. It was last sold for £325,000 in April 2006, which was around 11% above the average April 2006 detached price in the Rother local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

MILL BANK Sold Prices

Land registry data shows two sales for MILL BANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rother local authority area for the corresponding sale date. Both of the two MILL BANK sales were for above 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
2006 12 APR	£325,000	£292,342	11% above HPI
1997 19 DEC	£119,750	£115,562	4% above HPI

MILL BANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rother local authority area over time, sourced from the HPI. The two MILL BANK sales from December 1997 and April 2006 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 December 1997 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the April 2006 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is MILL BANK?

MILL BANK is 167m² according to the EPC inspection conducted in May 2015. This puts it in the largest 30% of detached houses in Cackle Street, based on EPC data. The below chart shows the distribution of detached houses by size in Cackle Street, and where MILL BANK lies on this distribution: 75% of detached houses are smaller than MILL BANK, and 23% of houses are larger. Note that EPC data is not available for all properties in Cackle Street.

MILL BANK: Plot and Title Map

MILL BANK sits on a plot of roughly 0.222 of an acre, or 899m². The below map shows the location of MILL BANK, 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 MILL BANK). 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 MILL BANK?

MILL BANK is located in BREDE, in the TN31 postcode district. The below map shows the position of MILL BANK in BREDE.