5, OLD MILL TERRACE, BECCLES, NR34 9DB - £171,000

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 OLD MILL TERRACE is a very small extended terraced house of 68m², built sometime between 1900 and 1929, which could now be worth an estimated £174,886. It was last sold for £171,000 in February 2022, which was around 15% below the average February 2022 terraced price in the East Suffolk local authority area. The most recent EPC inspection was August 2021, where the current energy rating was F, and the potential energy rating was B.

5 OLD MILL TERRACE Sold Prices

Land registry data shows two sales for 5 OLD MILL TERRACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the East Suffolk local authority area for the corresponding sale date. Both of the two 5 OLD MILL TERRACE 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
2022 25 FEB	£171,000	£202,036	15% below HPI
2012 25 JAN	£103,000	£126,470	19% below HPI

5 OLD MILL TERRACE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Suffolk local authority area over time, sourced from the HPI. The two 5 OLD MILL TERRACE sales from January 2012 and February 2022 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 January 2012 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the February 2022 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 5 OLD MILL TERRACE be worth now?

5 OLD MILL TERRACE might now be worth an estimated £174,886.

This is based on house price inflation of 2.3%, between February 2022 and May 2026, for terraced houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.3% inflationary increase is applied to the most recent sale price for 5 OLD MILL TERRACE of £171,000 on 25th February 2022. For the value to have increased from £171,000 to £174,886 over the three years and nine months to May 2026, the following assumptions must hold true:

• The value of 5 OLD MILL TERRACE has moved in line with the HPI for terraced houses in the East Suffolk local authority area.
• The February 2022 sale price of £171,000 represented a fair market value for the property.
• The size, condition, and specification of 5 OLD MILL TERRACE has not materially changed since February 2022.

How Large is 5 OLD MILL TERRACE?

5 OLD MILL TERRACE is 68m², which includes two extensions, according to the EPC inspection conducted in August 2021. This puts it in the smallest 20% of terraced houses houses in Beccles, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Beccles, and where 5 OLD MILL TERRACE lies on this distribution: 13% of terraced houses houses are smaller than 5 OLD MILL TERRACE, and 86% of houses are larger. Note that EPC data is not available for all properties in Beccles.

5 OLD MILL TERRACE: Plot and Title Map

5 OLD MILL TERRACE sits on a plot of roughly 0.031 of an acre, or 125m². The below map shows the location of 5 OLD MILL TERRACE, 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 OLD MILL TERRACE). 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 OLD MILL TERRACE?

5 OLD MILL TERRACE is located in BECCLES, in the NR34 postcode district. The below map shows the position of No. 5 on OLD MILL TERRACE.