MILLFORD, WATER LANE, BARNHAM, THETFORD, IP24 2NA - £575,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

MILLFORD is a very large extended detached house of 236m², built sometime between 1967 and 1975, which could now be worth an estimated £582,852. It was last sold for £575,000 in November 2023, which was around 26% above the average November 2023 detached price in the West Suffolk local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was C.

MILLFORD Sold Prices

Land registry data shows two sales for MILLFORD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. Both of the two MILLFORD 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
2023 16 NOV	£575,000	£457,267	26% above HPI
2016 16 SEP	£450,000	£359,597	25% above HPI

MILLFORD Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Suffolk local authority area over time, sourced from the HPI. The two MILLFORD sales from September 2016 and November 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 2016 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the November 2023 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might MILLFORD be worth now?

MILLFORD might now be worth an estimated £582,852.

This is based on house price inflation of 1.4%, between November 2023 and December 2024, for detached houses, in the West Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.4% inflationary increase is applied to the most recent sale price for MILLFORD of £575,000 on 16th November 2023. For the value to have increased from £575,000 to £582,852 over the eleven months to December 2024, the following assumptions must hold true:

• The value of MILLFORD has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The November 2023 sale price of £575,000 represented a fair market value for the property.
• The size, condition, and specification of MILLFORD has not materially changed since November 2023.

How Large is MILLFORD?

MILLFORD is 236m², which includes two extensions, according to the EPC inspection conducted in April 2023. This puts it in the largest 10% of detached houses houses in Barnham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Barnham, and where MILLFORD lies on this distribution: 93% of detached houses houses are smaller than MILLFORD, and 7% of houses are larger. Note that EPC data is not available for all properties in Barnham.

MILLFORD: Plot and Title Map

MILLFORD sits on a plot of roughly 0.282 of an acre, or 1,141m². The below map shows the location of MILLFORD, 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 MILLFORD). 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 MILLFORD?

MILLFORD is located on WATER LANE in BARNHAM, in the IP24 postcode district. The below map shows the position of MILLFORD on WATER LANE.