12, MILL LANE, SOUTHWOLD, IP18 6HW - £697,500

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.

12 MILL LANE is a small terraced house of 87m², built sometime between 1996 and 2002, which could now be worth an estimated £799,105. It was last sold for £697,500 in February 2021, which was around 273% above the average February 2021 terraced price in the East Suffolk local authority area. The most recent EPC inspection was June 2014, where the current energy rating was C, and the potential energy rating was B.

12 MILL LANE Sold Prices

Land registry data shows four sales for 12 MILL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the East Suffolk local authority area for the corresponding sale date. All of the four 12 MILL LANE 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
2021 10 FEB	£697,500	£186,806	273% above HPI
2014 14 OCT	£565,000	£140,859	301% above HPI
2006 30 JUN	£499,500	£116,218	330% above HPI
2000 8 DEC	£295,000	£51,630	471% above HPI

12 MILL LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Suffolk local authority area over time, sourced from the HPI. The four 12 MILL LANE sales between December 2000 and February 2021 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 2014 sale was for 301% above the HPI. So the extrapolation line tracks at 301% above the HPI over time, until the February 2021 sale, where it falls to 273% above the HPI. The line then continues to track at 273% above the HPI.

What might 12 MILL LANE be worth now?

12 MILL LANE might now be worth an estimated £799,105.

This is based on house price inflation of 14.6%, between February 2021 and August 2025, for terraced houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.6% inflationary increase is applied to the most recent sale price for 12 MILL LANE of £697,500 on 10th February 2021. For the value to have increased from £697,500 to £799,105 over the three years and six months to August 2025, the following assumptions must hold true:

• The value of 12 MILL LANE has moved in line with the HPI for terraced houses in the East Suffolk local authority area.
• The February 2021 sale price of £697,500 represented a fair market value for the property.
• The size, condition, and specification of 12 MILL LANE has not materially changed since February 2021.

How Large is 12 MILL LANE?

12 MILL LANE is 87m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 30% of terraced houses houses in Southwold, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Southwold, and where 12 MILL LANE lies on this distribution: 24% of terraced houses houses are smaller than 12 MILL LANE, and 75% of houses are larger. Note that EPC data is not available for all properties in Southwold.

12 MILL LANE: Plot and Title Map

12 MILL LANE sits on a plot of roughly 0.022 of an acre, or 90m². The below map shows the location of 12 MILL LANE, 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 12 MILL LANE). 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 12 MILL LANE?

12 MILL LANE is located in SOUTHWOLD, in the IP18 postcode district. The below map shows the position of No. 12 on MILL LANE.