MILL COTTAGE, MILL ROAD, THOMPSON, THETFORD, IP24 1PH - £330,000

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.

MILL COTTAGE is a very small extended semi-detached house of 115m², built sometime before 1900, which could now be worth an estimated £449,793. It was last sold for £330,000 in September 2016, which was around 83% above the average September 2016 semi-detached price in the Breckland local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was D.

MILL COTTAGE Sold Prices

Land registry data shows four sales for MILL COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Breckland local authority area for the corresponding sale date. Most of the four MILL COTTAGE 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 19 SEP	£330,000	£180,211	83% above HPI
2012 10 JAN	£239,000	£133,271	79% above HPI
2003 9 SEP	£150,000	£105,465	42% above HPI
2001 7 SEP	£60,000	£73,053	18% below HPI

MILL COTTAGE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Breckland local authority area over time, sourced from the HPI. The four MILL COTTAGE sales between September 2001 and September 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 January 2012 sale was for 79% above the HPI. So the extrapolation line tracks at 79% above the HPI over time, until the September 2016 sale, where it rises to 83% above the HPI. The line then continues to track at 83% above the HPI.

What might MILL COTTAGE be worth now?

MILL COTTAGE might now be worth an estimated £449,793.

This is based on house price inflation of 36.3%, between September 2016 and May 2026, for semi-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 36.3% inflationary increase is applied to the most recent sale price for MILL COTTAGE of £330,000 on 19th September 2016. For the value to have increased from £330,000 to £449,793 over the ten years and four months to May 2026, the following assumptions must hold true:

• The value of MILL COTTAGE has moved in line with the HPI for semi-detached houses in the Breckland local authority area.
• The September 2016 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of MILL COTTAGE has not materially changed since September 2016.

How Large is MILL COTTAGE?

MILL COTTAGE is 115m², which includes three extensions, according to the EPC inspection conducted in August 2011. This puts it in the smallest 20% of semi-detached houses houses in Thompson, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Thompson, and where MILL COTTAGE lies on this distribution: 19% of semi-detached houses houses are smaller than MILL COTTAGE, and 78% of houses are larger. Note that EPC data is not available for all properties in Thompson.

MILL COTTAGE: Plot and Title Map

MILL COTTAGE sits on a plot of roughly 0.218 of an acre, or 881m². The below map shows the location of MILL COTTAGE, 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 MILL COTTAGE). 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 MILL COTTAGE?

MILL COTTAGE is located on MILL ROAD in THOMPSON, in the IP24 postcode district. The below map shows the position of MILL COTTAGE on MILL ROAD.