MILLSTONE COTTAGE, MILL LANE, THORNDON, EYE, IP23 7JP - £450,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MILLSTONE COTTAGE is a very small extended detached house of 95m², built sometime between 1950 and 1966, which could now be worth an estimated £474,401. It was last sold for £450,000 in July 2023, which was around 4% above the average July 2023 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was October 2016, where the current energy rating was F, and the potential energy rating was B.

MILLSTONE COTTAGE Sold Prices

Land registry data shows three sales for MILLSTONE COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. One of the three MILLSTONE COTTAGE sales was for above the average price, whilst two 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 28 JUL	£450,000	£432,381	4% above HPI
2017 8 DEC	£250,000	£379,593	34% below HPI
1996 22 JUL	£55,000	£77,117	29% below HPI

MILLSTONE COTTAGE 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 three MILLSTONE COTTAGE sales between July 1996 and July 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 December 2017 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the July 2023 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might MILLSTONE COTTAGE be worth now?

MILLSTONE COTTAGE might now be worth an estimated £474,401.

This is based on house price inflation of 5.4%, between July 2023 and February 2025, for detached houses, in the Mid Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.4% inflationary increase is applied to the most recent sale price for MILLSTONE COTTAGE of £450,000 on 28th July 2023. For the value to have increased from £450,000 to £474,401 over the two years and five months to February 2025, the following assumptions must hold true:

• The value of MILLSTONE COTTAGE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The July 2023 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of MILLSTONE COTTAGE has not materially changed since July 2023.

How Large is MILLSTONE COTTAGE?

MILLSTONE COTTAGE is 95m², which includes one extension, according to the EPC inspection conducted in October 2016. This puts it in the smallest 10% of detached houses houses in Thorndon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thorndon, and where MILLSTONE COTTAGE lies on this distribution: 5% of detached houses houses are smaller than MILLSTONE COTTAGE, and 95% of houses are larger. Note that EPC data is not available for all properties in Thorndon.

MILLSTONE COTTAGE: Plot and Title Map

MILLSTONE COTTAGE sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of MILLSTONE COTTAGE, 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 MILLSTONE COTTAGE). 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 MILLSTONE COTTAGE?

MILLSTONE COTTAGE is located on MILL LANE in THORNDON, in the IP23 postcode district. The below map shows the position of MILLSTONE COTTAGE on MILL LANE.