MILL HOUSE, OUSDEN, NEWMARKET, CB8 8TW - £635,000

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 midsized extended detached house of 147m², built sometime before 1900, which could now be worth an estimated £748,360. It was last sold for £635,000 in May 2019, which was around 64% above the average May 2019 detached price in the West Suffolk local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was C.

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 West Suffolk 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
2019 17 MAY	£635,000	£386,041	64% above HPI
2001 9 MAR	£249,999	£132,874	88% above HPI
2000 19 JUN	£135,000	£127,950	6% above HPI

MILL HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Suffolk local authority area over time, sourced from the HPI. The three MILL HOUSE sales between June 2000 and May 2019 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 2001 sale was for 88% above the HPI. So the extrapolation line tracks at 88% above the HPI over time, until the May 2019 sale, where it falls to 64% above the HPI. The line then continues to track at 64% above the HPI.

What might MILL HOUSE be worth now?

MILL HOUSE might now be worth an estimated £748,360.

This is based on house price inflation of 17.9%, between May 2019 and April 2026, for detached 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 17.9% inflationary increase is applied to the most recent sale price for MILL HOUSE of £635,000 on 17th May 2019. For the value to have increased from £635,000 to £748,360 over the seven years and one month 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 West Suffolk local authority area.
• The May 2019 sale price of £635,000 represented a fair market value for the property.
• The size, condition, and specification of MILL HOUSE has not materially changed since May 2019.

How Large is MILL HOUSE?

MILL HOUSE is 147m², which includes one extension, according to the EPC inspection conducted in July 2018. This puts it in the smallest 50% of detached houses houses in Ousden, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ousden, and where MILL HOUSE lies on this distribution: 42% of detached houses houses are smaller than MILL HOUSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Ousden.

MILL HOUSE: Plot and Title Map

MILL HOUSE sits on a plot of roughly 0.214 of an acre, or 865m². The below map shows the location of MILL HOUSE, 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 HOUSE). 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 HOUSE?

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