MILL VIEW, STONEY LANE, THURSTON, BURY ST EDMUNDS, IP31 3SE - £385,000

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 VIEW is a very large extended detached house of 172m², built sometime between 1991 and 1995. It was last sold for £385,000 in May 2014, which was around 41% above the average May 2014 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was October 2013, where the current energy rating was C, and the potential energy rating was B.

MILL VIEW Sold Prices

Land registry data shows two sales for MILL VIEW since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. Both of the two MILL VIEW 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
2014 16 MAY	£385,000	£273,410	41% above HPI
2002 30 OCT	£239,995	£186,670	29% above HPI

MILL VIEW 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 two MILL VIEW sales from October 2002 and May 2014 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 October 2002 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the May 2014 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is MILL VIEW?

MILL VIEW is 172m², which includes two extensions, according to the EPC inspection conducted in October 2013. This puts it in the largest 20% of detached houses in Thurston, based on EPC data. The below chart shows the distribution of detached houses by size in Thurston, and where MILL VIEW lies on this distribution: 87% of detached houses are smaller than MILL VIEW, and 13% of houses are larger. Note that EPC data is not available for all properties in Thurston.

MILL VIEW: Plot and Title Map

MILL VIEW sits on a plot of roughly 0.128 of an acre, or 518m². 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 STONEY LANE in THURSTON, in the IP31 postcode district. The below map shows the position of MILL VIEW on STONEY LANE.