7, MILL LANE, WRENTHAM, BECCLES, NR34 7JQ - £222,500

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.

7 MILL LANE is a small extended semi-detached house of 100m², built sometime between 1950 and 1966, which could now be worth an estimated £261,597. It was last sold for £222,500 in September 2020, which was around 6% below the average September 2020 semi-detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2019, where the current energy rating was F, and the potential energy rating was B.

7 MILL LANE Sold Prices

Land registry data shows three sales for 7 MILL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the East Suffolk local authority area for the corresponding sale date. Two of the three 7 MILL LANE sales were for below the average price, whilst one 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
2020 29 SEP	£222,500	£235,922	6% below HPI
2004 23 FEB	£169,950	£128,127	33% above HPI
1997 17 OCT	£42,000	£51,727	19% below HPI

7 MILL LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Suffolk local authority area over time, sourced from the HPI. The three 7 MILL LANE sales between October 1997 and September 2020 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 February 2004 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the September 2020 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 7 MILL LANE be worth now?

7 MILL LANE might now be worth an estimated £261,597.

This is based on house price inflation of 17.6%, between September 2020 and August 2025, for semi-detached 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 17.6% inflationary increase is applied to the most recent sale price for 7 MILL LANE of £222,500 on 29th September 2020. For the value to have increased from £222,500 to £261,597 over the five years and one month to August 2025, the following assumptions must hold true:

• The value of 7 MILL LANE has moved in line with the HPI for semi-detached houses in the East Suffolk local authority area.
• The September 2020 sale price of £222,500 represented a fair market value for the property.
• The size, condition, and specification of 7 MILL LANE has not materially changed since September 2020.

How Large is 7 MILL LANE?

7 MILL LANE is 100m², which includes one extension, according to the EPC inspection conducted in October 2019. This puts it in the smallest 40% of semi-detached houses houses in Wrentham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Wrentham, and where 7 MILL LANE lies on this distribution: 39% of semi-detached houses houses are smaller than 7 MILL LANE, and 61% of houses are larger. Note that EPC data is not available for all properties in Wrentham.

7 MILL LANE: Plot and Title Map

7 MILL LANE sits on a plot of roughly 0.151 of an acre, or 610m². The below map shows the location of 7 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 7 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 7 MILL LANE?

7 MILL LANE is located in WRENTHAM, in the NR34 postcode district. The below map shows the position of No. 7 on MILL LANE.