MILL BUNGALOW, MILL LANE, BEDINGHAM, BUNGAY, NR35 2NT - £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

MILL BUNGALOW is a very small extended semi-detached house of 83m², built sometime before 1900. It was last sold for £240,000 in June 2016, which was around 20% below the average June 2016 detached price in the South Norfolk local authority area. The most recent EPC inspection was April 2011, where the current energy rating was F, and the potential energy rating was F.

MILL BUNGALOW Sold Prices

Land registry data shows two sales for MILL BUNGALOW since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. Both of the two MILL BUNGALOW 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
2016 30 JUN	£240,000	£298,650	20% below HPI
2004 28 MAY	£125,000	£200,162	38% below HPI

MILL BUNGALOW Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two MILL BUNGALOW sales from May 2004 and June 2016 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 2004 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the June 2016 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is MILL BUNGALOW?

MILL BUNGALOW is 83m², which includes two extensions, according to the EPC inspection conducted in April 2011. This puts it in the smallest 10% of detached houses in Woodton, based on EPC data. The below chart shows the distribution of detached houses by size in Woodton, and where MILL BUNGALOW lies on this distribution: 4% of detached houses are smaller than MILL BUNGALOW, and 96% of houses are larger. Note that EPC data is not available for all properties in Woodton.

MILL BUNGALOW: Plot and Title Map

MILL BUNGALOW sits on a plot of roughly 0.142 of an acre, or 575m². The below map shows the location of MILL BUNGALOW, 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 BUNGALOW). 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 BUNGALOW?

MILL BUNGALOW is located on MILL LANE in BEDINGHAM, in the NR35 postcode district. The below map shows the position of MILL BUNGALOW on MILL LANE.