2, MILL VIEW, GAZELEY, NEWMARKET, CB8 8RN - £314,000

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.

2 MILL VIEW is a very small extended detached house of 90m², built sometime between 1967 and 1975, which could now be worth an estimated £435,784. It was last sold for £314,000 in October 2015, which was around 4% below the average October 2015 detached price in the West Suffolk local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was B.

2 MILL VIEW Sold Prices

Land registry data shows three sales for 2 MILL VIEW 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 2 MILL VIEW 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
2015 30 OCT	£314,000	£327,815	4% below HPI
2013 31 MAY	£220,000	£271,557	19% below HPI
2000 25 SEP	£110,500	£138,475	20% below HPI

2 MILL VIEW 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 2 MILL VIEW sales between September 2000 and October 2015 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 2013 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the October 2015 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 2 MILL VIEW be worth now?

2 MILL VIEW might now be worth an estimated £435,784.

This is based on house price inflation of 38.8%, between October 2015 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 38.8% inflationary increase is applied to the most recent sale price for 2 MILL VIEW of £314,000 on 30th October 2015. For the value to have increased from £314,000 to £435,784 over the eleven years and six months to April 2026, the following assumptions must hold true:

• The value of 2 MILL VIEW has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The October 2015 sale price of £314,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MILL VIEW has not materially changed since October 2015.

How Large is 2 MILL VIEW?

2 MILL VIEW is 90m², which includes one extension, according to the EPC inspection conducted in June 2012. This puts it in the smallest 20% of detached houses houses in Gazeley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gazeley, and where 2 MILL VIEW lies on this distribution: 16% of detached houses houses are smaller than 2 MILL VIEW, and 84% of houses are larger. Note that EPC data is not available for all properties in Gazeley.

2 MILL VIEW: Plot and Title Map

2 MILL VIEW sits on a plot of roughly 0.100 of an acre, or 404m². The below map shows the location of 2 MILL VIEW, 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 2 MILL VIEW). 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 2 MILL VIEW?

2 MILL VIEW is located in GAZELEY, in the CB8 postcode district. The below map shows the position of No. 2 on MILL VIEW.