MILL HOUSE, MILL LANE, STETCHWORTH, NEWMARKET, CB8 9TR - £1,750,000

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 HOUSE is a very large extended detached house of 298m², built sometime before 1900, which could now be worth an estimated £1,843,522. It was last sold for £1,750,000 in April 2024, which was around 282% above the average April 2024 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was October 2014, where the current energy rating was E, and the potential energy rating was D.

MILL HOUSE Sold Prices

Land registry data shows three sales for MILL HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Cambridgeshire local authority area for the corresponding sale date. All of the three MILL HOUSE 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
2024 25 APR	£1,750,000	£458,301	282% above HPI
2016 3 MAR	£1,750,000	£361,212	384% above HPI
2012 24 FEB	£980,000	£261,529	275% above HPI

MILL HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Cambridgeshire local authority area over time, sourced from the HPI. The three MILL HOUSE sales between February 2012 and April 2024 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 March 2016 sale was for 384% above the HPI. So the extrapolation line tracks at 384% above the HPI over time, until the April 2024 sale, where it falls to 282% above the HPI. The line then continues to track at 282% above the HPI.

What might MILL HOUSE be worth now?

MILL HOUSE might now be worth an estimated £1,843,522.

This is based on house price inflation of 5.3%, between April 2024 and April 2026, for detached houses, in the East Cambridgeshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.3% inflationary increase is applied to the most recent sale price for MILL HOUSE of £1,750,000 on 25th April 2024. For the value to have increased from £1,750,000 to £1,843,522 over the two years to April 2026, the following assumptions must hold true:

• The value of MILL HOUSE has moved in line with the HPI for detached houses in the East Cambridgeshire local authority area.
• The April 2024 sale price of £1,750,000 represented a fair market value for the property.
• The size, condition, and specification of MILL HOUSE has not materially changed since April 2024.

How Large is MILL HOUSE?

MILL HOUSE is 298m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the largest 10% of detached houses houses in Stetchworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stetchworth, and where MILL HOUSE lies on this distribution: 99% of detached houses houses are smaller than MILL HOUSE, and 1% of houses are larger. Note that EPC data is not available for all properties in Stetchworth.

Where is MILL HOUSE?

MILL HOUSE is located on MILL LANE in STETCHWORTH, in the CB8 postcode district. The below map shows the position of MILL HOUSE on MILL LANE.