MILL VIEW, MILL LANE, BEDINGHAM, BUNGAY, NR35 2NT - £380,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

MILL VIEW is a midsized detached house of 135m², built sometime between 1996 and 2002. It was last sold for £380,000 in June 2023, which was around 8% below the average June 2023 detached price in the South Norfolk local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

MILL VIEW Sold Prices

Land registry data shows four sales for MILL VIEW since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. Most of the four MILL VIEW 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 20 JUN	£380,000	£411,836	8% below HPI
2022 30 SEP	£385,000	£424,046	9% below HPI
2018 5 DEC	£320,000	£340,663	6% below HPI
2006 2 JUN	£247,000	£235,948	5% above HPI

MILL VIEW 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 four MILL VIEW sales between June 2006 and June 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 September 2022 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the June 2023 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is MILL VIEW?

MILL VIEW is 135m² according to the EPC inspection conducted in July 2016. This puts it in the largest 50% 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 VIEW lies on this distribution: 56% of detached houses are smaller than MILL VIEW, and 43% of houses are larger. Note that EPC data is not available for all properties in Woodton.

MILL VIEW: Plot and Title Map

MILL VIEW sits on a plot of roughly 0.184 of an acre, or 744m². The below map shows the location of MILL VIEW, 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 VIEW). 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 VIEW?

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