12, MILLFIELD ROAD, BARNINGHAM, BURY ST EDMUNDS, IP31 1DY - £237,500

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 MILLFIELD ROAD is a very small detached house of 56m², built sometime between 1967 and 1975, which could now be worth an estimated £303,682. It was last sold for £237,500 in December 2016, which was around 33% below the average December 2016 detached price in the West Suffolk local authority area. The most recent EPC inspection was May 2014, where the current energy rating was E, and the potential energy rating was B.

12 MILLFIELD ROAD Sold Prices

Land registry data shows three sales for 12 MILLFIELD ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. All of the three 12 MILLFIELD ROAD sales 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
2016 21 DEC	£237,500	£355,807	33% below HPI
2015 30 JAN	£182,000	£310,681	41% below HPI
1999 30 JUL	£56,000	£110,123	49% below HPI

12 MILLFIELD ROAD 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 three 12 MILLFIELD ROAD sales between July 1999 and December 2016 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 January 2015 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the December 2016 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 12 MILLFIELD ROAD be worth now?

12 MILLFIELD ROAD might now be worth an estimated £303,682.

This is based on house price inflation of 27.9%, between December 2016 and April 2026, 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 27.9% inflationary increase is applied to the most recent sale price for 12 MILLFIELD ROAD of £237,500 on 21st December 2016. For the value to have increased from £237,500 to £303,682 over the ten years and eight months to April 2026, the following assumptions must hold true:

• The value of 12 MILLFIELD ROAD has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The December 2016 sale price of £237,500 represented a fair market value for the property.
• The size, condition, and specification of 12 MILLFIELD ROAD has not materially changed since December 2016.

How Large is 12 MILLFIELD ROAD?

12 MILLFIELD ROAD is 56m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 10% of detached houses houses in Barningham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Barningham, and where 12 MILLFIELD ROAD lies on this distribution: 2% of detached houses houses are smaller than 12 MILLFIELD ROAD, and 97% of houses are larger. Note that EPC data is not available for all properties in Barningham.

12 MILLFIELD ROAD: Plot and Title Map

12 MILLFIELD ROAD sits on a plot of roughly 0.132 of an acre, or 535m². The below map shows the location of 12 MILLFIELD ROAD, 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 MILLFIELD ROAD). 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 MILLFIELD ROAD?

12 MILLFIELD ROAD is located in BARNINGHAM, in the IP31 postcode district. The below map shows the position of No. 12 on MILLFIELD ROAD.