17, MILLFIELD CLOSE, DITCHINGHAM, BUNGAY, NR35 2QJ - £170,000

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.

17 MILLFIELD CLOSE is a very small terraced house of 70m², built sometime between 1991 and 1995, which could now be worth an estimated £217,788. It was last sold for £170,000 in August 2019, which was around 6% below the average August 2019 terraced price in the South Norfolk local authority area. The most recent EPC inspection was June 2010, where the current energy rating was E, and the potential energy rating was D.

17 MILLFIELD CLOSE Sold Prices

Land registry data shows four sales for 17 MILLFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the South Norfolk local authority area for the corresponding sale date. All of the four 17 MILLFIELD CLOSE 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
2019 30 AUG	£170,000	£180,496	6% below HPI
2012 1 OCT	£124,995	£134,769	7% below HPI
2010 29 JUL	£124,000	£134,816	8% below HPI
2002 20 DEC	£84,000	£87,546	4% below HPI

17 MILLFIELD CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the South Norfolk local authority area over time, sourced from the HPI. The four 17 MILLFIELD CLOSE sales between December 2002 and August 2019 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 2012 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the August 2019 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 17 MILLFIELD CLOSE be worth now?

17 MILLFIELD CLOSE might now be worth an estimated £217,788.

This is based on house price inflation of 28.1%, between August 2019 and April 2026, for terraced houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.1% inflationary increase is applied to the most recent sale price for 17 MILLFIELD CLOSE of £170,000 on 30th August 2019. For the value to have increased from £170,000 to £217,788 over the seven years and four months to April 2026, the following assumptions must hold true:

• The value of 17 MILLFIELD CLOSE has moved in line with the HPI for terraced houses in the South Norfolk local authority area.
• The August 2019 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 17 MILLFIELD CLOSE has not materially changed since August 2019.

How Large is 17 MILLFIELD CLOSE?

17 MILLFIELD CLOSE is 70m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 20% of terraced houses houses in Ditchingham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ditchingham, and where 17 MILLFIELD CLOSE lies on this distribution: 13% of terraced houses houses are smaller than 17 MILLFIELD CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Ditchingham.

17 MILLFIELD CLOSE: Plot and Title Map

17 MILLFIELD CLOSE sits on a plot of roughly 0.032 of an acre, or 130m². The below map shows the location of 17 MILLFIELD CLOSE, 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 17 MILLFIELD CLOSE). 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 17 MILLFIELD CLOSE?

17 MILLFIELD CLOSE is located in DITCHINGHAM, in the NR35 postcode district. The below map shows the position of No. 17 on MILLFIELD CLOSE.