MILL HOUSE, ISLE ROAD, OUTWELL, WISBECH, PE14 8TD - £220,000

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 HOUSE is a large extended detached house of 133m², built sometime before 1900. It was last sold for £220,000 in May 2017, which was around 19% below the average May 2017 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was January 2016, where the current energy rating was F, and the potential energy rating was D.

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 King's Lynn and West Norfolk local authority area for the corresponding sale date. All of the four MILL HOUSE 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
2017 12 MAY	£220,000	£271,048	19% below HPI
2016 26 FEB	£200,000	£247,535	19% below HPI
2015 1 SEP	£160,000	£245,944	35% below HPI
2000 31 MAR	£43,000	£83,785	49% below HPI

MILL HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the King's Lynn and West Norfolk local authority area over time, sourced from the HPI. The four MILL HOUSE sales between March 2000 and May 2017 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 February 2016 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the May 2017 sale, which was also at 19% below the HPI.

How Large is MILL HOUSE?

MILL HOUSE is 133m², which includes one extension, according to the EPC inspection conducted in January 2016. This puts it in the largest 30% of detached houses in Outwell, based on EPC data. The below chart shows the distribution of detached houses by size in Outwell, and where MILL HOUSE lies on this distribution: 72% of detached houses are smaller than MILL HOUSE, and 28% of houses are larger. Note that EPC data is not available for all properties in Outwell.

MILL HOUSE: Plot and Title Map

MILL HOUSE sits on a plot of roughly 0.099 of an acre, or 400m². 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 ISLE ROAD in OUTWELL, in the PE14 postcode district. The below map shows the position of MILL HOUSE on ISLE ROAD.