MILLCROFT, MILL ROAD, BANHAM, NORWICH, NR16 2HU - £208,000

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

MILLCROFT is a very large extended detached house of 169m², built sometime between 1967 and 1975. It was last sold for £208,000 in October 2003, which was around 22% above the average October 2003 detached price in the Breckland local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

MILLCROFT Sold Prices

Land registry data shows two sales for MILLCROFT since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. Both of the two MILLCROFT 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
2003 22 OCT	£208,000	£170,342	22% above HPI
2001 10 AUG	£150,000	£119,103	26% above HPI

MILLCROFT Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The two MILLCROFT sales from August 2001 and October 2003 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 2001 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the October 2003 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is MILLCROFT?

MILLCROFT is 169m², which includes one extension, according to the EPC inspection conducted in October 2019. This puts it in the largest 20% of detached houses in Banham, based on EPC data. The below chart shows the distribution of detached houses by size in Banham, and where MILLCROFT lies on this distribution: 85% of detached houses are smaller than MILLCROFT, and 15% of houses are larger. Note that EPC data is not available for all properties in Banham.

MILLCROFT: Plot and Title Map

MILLCROFT sits on a plot of roughly 0.197 of an acre, or 797m². The below map shows the location of MILLCROFT, 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 MILLCROFT). 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 MILLCROFT?

MILLCROFT is located on MILL ROAD in BANHAM, in the NR16 postcode district. The below map shows the position of MILLCROFT on MILL ROAD.