MILL HOUSE, HEATH ROAD, WOOLPIT, BURY ST EDMUNDS, IP30 9QU - £550,000

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.

MILL HOUSE is a very large extended detached house of 217m², built sometime between 1900 and 1929, which could now be worth an estimated £599,023. It was last sold for £550,000 in May 2024, which was around 31% above the average May 2024 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was August 2015, where the current energy rating was E, and the potential energy rating was C.

MILL HOUSE Sold Prices

Land registry data shows four sales for MILL HOUSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the four MILL HOUSE 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
2024 21 MAY	£550,000	£418,523	31% above HPI
2018 13 APR	£507,000	£374,616	35% above HPI
2016 31 MAR	£425,000	£332,152	28% above HPI
2007 19 MAR	£395,000	£266,862	48% above HPI

MILL HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The four MILL HOUSE sales between March 2007 and May 2024 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 April 2018 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the May 2024 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might MILL HOUSE be worth now?

MILL HOUSE might now be worth an estimated £599,023.

This is based on house price inflation of 8.9%, between May 2024 and February 2025, for detached houses, in the Mid Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.9% inflationary increase is applied to the most recent sale price for MILL HOUSE of £550,000 on 21st May 2024. For the value to have increased from £550,000 to £599,023 over the one year and three months to February 2025, the following assumptions must hold true:

• The value of MILL HOUSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The May 2024 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of MILL HOUSE has not materially changed since May 2024.

How Large is MILL HOUSE?

MILL HOUSE is 217m², which includes four extensions, according to the EPC inspection conducted in August 2015. This puts it in the largest 10% of detached houses houses in Woolpit, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woolpit, and where MILL HOUSE lies on this distribution: 96% of detached houses houses are smaller than MILL HOUSE, and 4% of houses are larger. Note that EPC data is not available for all properties in Woolpit.

MILL HOUSE: Plot and Title Map

MILL HOUSE sits on a plot of roughly 0.141 of an acre, or 572m². The below map shows the location of MILL HOUSE, 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 HOUSE). 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 HOUSE?

MILL HOUSE is located on HEATH ROAD in WOOLPIT, in the IP30 postcode district. The below map shows the position of MILL HOUSE on HEATH ROAD.