24, MILL LANE, EXNING, NEWMARKET, CB8 7JW - £392,000

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.

24 MILL LANE is a small extended detached house of 124m², built sometime between 1967 and 1975, which could now be worth an estimated £433,754. It was last sold for £392,000 in March 2021, which was around 4% below the average March 2021 detached price in the West Suffolk local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was C.

24 MILL LANE Sold Prices

Land registry data shows two sales for 24 MILL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. One of the two 24 MILL LANE sales was for below the average price, whilst the other was 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 17 MAR	£392,000	£410,344	4% below HPI
1995 6 SEP	£87,500	£82,032	7% above HPI

24 MILL LANE 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 two 24 MILL LANE sales from September 1995 and March 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 September 1995 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the March 2021 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 24 MILL LANE be worth now?

24 MILL LANE might now be worth an estimated £433,754.

This is based on house price inflation of 10.7%, between March 2021 and May 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 10.7% inflationary increase is applied to the most recent sale price for 24 MILL LANE of £392,000 on 17th March 2021. For the value to have increased from £392,000 to £433,754 over the four years and ten months to May 2026, the following assumptions must hold true:

• The value of 24 MILL LANE has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The March 2021 sale price of £392,000 represented a fair market value for the property.
• The size, condition, and specification of 24 MILL LANE has not materially changed since March 2021.

How Large is 24 MILL LANE?

24 MILL LANE is 124m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the smallest 40% of detached houses houses in Exning, based on EPC data. The below chart shows the distribution of detached houses houses by size in Exning, and where 24 MILL LANE lies on this distribution: 32% of detached houses houses are smaller than 24 MILL LANE, and 68% of houses are larger. Note that EPC data is not available for all properties in Exning.

24 MILL LANE: Plot and Title Map

24 MILL LANE sits on a plot of roughly 0.125 of an acre, or 505m². The below map shows the location of 24 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 24 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 24 MILL LANE?

24 MILL LANE is located in EXNING, in the CB8 postcode district. The below map shows the position of No. 24 on MILL LANE.