3, MILL CLOSE, SHIPDHAM, THETFORD, IP25 7HX - £380,000

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.

3 MILL CLOSE is a very large extended detached house of 231m², built sometime between 2003 and 2006, which could now be worth an estimated £485,801. It was last sold for £380,000 in June 2019, which was around 29% above the average June 2019 detached price in the Breckland local authority area. The most recent EPC inspection was May 2018, where the current energy rating was C, and the potential energy rating was C.

3 MILL CLOSE Sold Prices

Land registry data shows two sales for 3 MILL CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. Both of the two 3 MILL CLOSE 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
2019 19 JUN	£380,000	£294,232	29% above HPI
2006 28 SEP	£344,950	£216,495	59% above HPI

3 MILL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The two 3 MILL CLOSE sales from September 2006 and June 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 September 2006 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the June 2019 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 3 MILL CLOSE be worth now?

3 MILL CLOSE might now be worth an estimated £485,801.

This is based on house price inflation of 27.8%, between June 2019 and April 2026, for detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.8% inflationary increase is applied to the most recent sale price for 3 MILL CLOSE of £380,000 on 19th June 2019. For the value to have increased from £380,000 to £485,801 over the seven years and two months to April 2026, the following assumptions must hold true:

• The value of 3 MILL CLOSE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The June 2019 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MILL CLOSE has not materially changed since June 2019.

How Large is 3 MILL CLOSE?

3 MILL CLOSE is 231m², which includes two extensions, according to the EPC inspection conducted in May 2018. This puts it in the largest 10% of detached houses houses in Shipdham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shipdham, and where 3 MILL CLOSE lies on this distribution: 99% of detached houses houses are smaller than 3 MILL CLOSE, and 1% of houses are larger. Note that EPC data is not available for all properties in Shipdham.

3 MILL CLOSE: Plot and Title Map

3 MILL CLOSE sits on a plot of roughly 0.158 of an acre, or 638m². The below map shows the location of 3 MILL 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 3 MILL 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 3 MILL CLOSE?

3 MILL CLOSE is located in SHIPDHAM, in the IP25 postcode district. The below map shows the position of No. 3 on MILL CLOSE.