MILLWAY COTTAGE, MILL LANE, SOUTHWOLD, IP18 6HW - £590,000

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

MILLWAY COTTAGE is a large detached house of 134m², built sometime between 1950 and 1966. It was last sold for £590,000 in January 2010, which was around 140% above the average January 2010 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2014, where the current energy rating was C, and the potential energy rating was B.

MILLWAY COTTAGE Sold Prices

Land registry data shows two sales for MILLWAY COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two MILLWAY COTTAGE 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
2010 25 JAN	£590,000	£246,204	140% above HPI
1995 17 MAY	£182,500	£75,650	141% above HPI

MILLWAY COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two MILLWAY COTTAGE sales from May 1995 and January 2010 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 May 1995 sale was for 141% above the HPI. So the extrapolation line tracks at 141% above the HPI over time, until the January 2010 sale, where it falls to 140% above the HPI. The line then continues to track at 140% above the HPI.

How Large is MILLWAY COTTAGE?

MILLWAY COTTAGE is 134m² according to the EPC inspection conducted in September 2014. This puts it in the largest 40% of detached houses in Southwold, based on EPC data. The below chart shows the distribution of detached houses by size in Southwold, and where MILLWAY COTTAGE lies on this distribution: 64% of detached houses are smaller than MILLWAY COTTAGE, and 36% of houses are larger. Note that EPC data is not available for all properties in Southwold.

MILLWAY COTTAGE: Plot and Title Map

MILLWAY COTTAGE sits on a plot of roughly 0.075 of an acre, or 302m². The below map shows the location of MILLWAY 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 MILLWAY 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 MILLWAY COTTAGE?

MILLWAY COTTAGE is located on MILL LANE in SOUTHWOLD, in the IP18 postcode district. The below map shows the position of MILLWAY COTTAGE on MILL LANE.