MILL HOUSE, MILL ROAD, PEASENHALL, SAXMUNDHAM, IP17 2LJ - £490,000

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 large extended detached house of 166m², built sometime before 1900, which could now be worth an estimated £555,077. It was last sold for £490,000 in February 2021, which was around 31% above the average February 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2017, where the current energy rating was E, and the potential energy rating was B.

MILL HOUSE Sold Prices

Land registry data shows two sales for MILL HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two 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
2021 12 FEB	£490,000	£373,448	31% above HPI
2010 25 MAR	£370,000	£252,639	46% above HPI

MILL HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two MILL HOUSE sales from March 2010 and February 2021 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 March 2010 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the February 2021 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 £555,077.

This is based on house price inflation of 13.3%, between February 2021 and February 2025, for detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.3% inflationary increase is applied to the most recent sale price for MILL HOUSE of £490,000 on 12th February 2021. For the value to have increased from £490,000 to £555,077 over the four years 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 East Suffolk local authority area.
• The February 2021 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of MILL HOUSE has not materially changed since February 2021.

How Large is MILL HOUSE?

MILL HOUSE is 166m², which includes two extensions, according to the EPC inspection conducted in September 2017. This puts it in the largest 40% of detached houses houses in Peasenhall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Peasenhall, and where MILL HOUSE lies on this distribution: 68% of detached houses houses are smaller than MILL HOUSE, and 32% of houses are larger. Note that EPC data is not available for all properties in Peasenhall.

MILL HOUSE: Plot and Title Map

MILL HOUSE sits on a plot of roughly 0.280 of an acre, or 1,132m². 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 MILL ROAD in PEASENHALL, in the IP17 postcode district. The below map shows the position of MILL HOUSE on MILL ROAD.