5, MILL ROAD, GAZELEY, NEWMARKET, CB8 8RW - £290,000

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.

5 MILL ROAD is a very small extended terraced house of 71m², built sometime before 1900, which could now be worth an estimated £393,824. It was last sold for £290,000 in April 2016, which was around 70% above the average April 2016 terraced price in the West Suffolk local authority area. The most recent EPC inspection was October 2011, where the current energy rating was F, and the potential energy rating was F.

5 MILL ROAD Sold Prices

Land registry data shows five sales for 5 MILL ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the West Suffolk local authority area for the corresponding sale date. All of the five 5 MILL ROAD 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
2016 29 APR	£290,000	£170,169	70% above HPI
2011 9 DEC	£228,000	£128,409	78% above HPI
2005 22 APR	£210,000	£114,701	83% above HPI
1999 23 APR	£88,500	£49,751	78% above HPI
1997 28 FEB	£72,500	£38,382	89% above HPI

5 MILL ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the West Suffolk local authority area over time, sourced from the HPI. The five 5 MILL ROAD sales between February 1997 and April 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 December 2011 sale was for 78% above the HPI. So the extrapolation line tracks at 78% above the HPI over time, until the April 2016 sale, where it falls to 70% above the HPI. The line then continues to track at 70% above the HPI.

What might 5 MILL ROAD be worth now?

5 MILL ROAD might now be worth an estimated £393,824.

This is based on house price inflation of 35.8%, between April 2016 and May 2026, for terraced 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 35.8% inflationary increase is applied to the most recent sale price for 5 MILL ROAD of £290,000 on 29th April 2016. For the value to have increased from £290,000 to £393,824 over the nine years and eleven months to May 2026, the following assumptions must hold true:

• The value of 5 MILL ROAD has moved in line with the HPI for terraced houses in the West Suffolk local authority area.
• The April 2016 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MILL ROAD has not materially changed since April 2016.

How Large is 5 MILL ROAD?

5 MILL ROAD is 71m², which includes one extension, according to the EPC inspection conducted in October 2011. This puts it in the smallest 10% of terraced houses houses in Gazeley, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Gazeley, and where 5 MILL ROAD lies on this distribution: 3% of terraced houses houses are smaller than 5 MILL ROAD, and 97% of houses are larger. Note that EPC data is not available for all properties in Gazeley.

5 MILL ROAD: Plot and Title Map

5 MILL ROAD sits on a plot of roughly 0.116 of an acre, or 470m². The below map shows the location of 5 MILL 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 5 MILL 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 5 MILL ROAD?

5 MILL ROAD is located in GAZELEY, in the CB8 postcode district. The below map shows the position of No. 5 on MILL ROAD.