MILL REACH, STAITHE ROAD, BUNGAY, NR35 1EU - £390,000

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 REACH is a very small extended detached house of 60m², built sometime between 1950 and 1966. It was last sold for £390,000 in May 2023, which was around 6% below the average May 2023 detached price in the East Suffolk local authority area. The most recent EPC inspection was December 2016, where the current energy rating was F, and the potential energy rating was E.

MILL REACH Sold Prices

Land registry data shows two sales for MILL REACH 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 REACH 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
2023 3 MAY	£390,000	£415,931	6% below HPI
2017 16 AUG	£285,000	£338,592	16% below HPI

MILL REACH 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 REACH sales from August 2017 and May 2023 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 August 2017 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the May 2023 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is MILL REACH?

MILL REACH is 60m², which includes two extensions, according to the EPC inspection conducted in December 2016. This puts it in the smallest 10% of detached houses in Bungay, based on EPC data. The below chart shows the distribution of detached houses by size in Bungay, and where MILL REACH lies on this distribution: 7% of detached houses are smaller than MILL REACH, and 93% of houses are larger. Note that EPC data is not available for all properties in Bungay.

MILL REACH: Plot and Title Map

MILL REACH sits on a plot of roughly 0.161 of an acre, or 653m². The below map shows the location of MILL REACH, 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 REACH). 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 REACH?

MILL REACH is located on STAITHE ROAD in BUNGAY, in the NR35 postcode district. The below map shows the position of MILL REACH on STAITHE ROAD.