THE MILL, LADBROOK CLOSE, ELMSETT, IPSWICH, IP7 6GZ - £390,000

THE MILL is a very small detached house of 84m², built sometime between 2003 and 2006. It was last sold for £390,000 in September 2021, which was around 11% below the average September 2021 detached price in the Babergh local authority area. The most recent EPC inspection was August 2011, where the current energy rating was C, and the potential energy rating was C.

THE MILL Sold Prices

Land registry data shows three sales for THE MILL since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Babergh local authority area for the corresponding sale date. All of the three THE MILL 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
2021 30 SEP	£390,000	£439,825	11% below HPI
2014 29 SEP	£250,000	£324,427	23% below HPI
2007 21 NOV	£260,000	£297,446	13% below HPI

THE MILL Price Paid vs. HPI Average

The below graph shows the average detached house price in the Babergh local authority area over time, sourced from the HPI. The three THE MILL sales between November 2007 and September 2021 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 September 2014 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the September 2021 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is THE MILL?

THE MILL is 84m² according to the EPC inspection conducted in August 2011. This puts it in the smallest 20% of detached houses in Elmsett, based on EPC data. The below chart shows the distribution of detached houses by size in Elmsett, and where THE MILL lies on this distribution: 17% of detached houses are smaller than THE MILL, and 83% of houses are larger. Note that EPC data is not available for all properties in Elmsett.

THE MILL: Plot and Title Map

THE MILL sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of THE MILL, 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 THE MILL). 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 THE MILL?

THE MILL is located on LADBROOK CLOSE in ELMSETT, in the IP7 postcode district. The below map shows the position of THE MILL on LADBROOK CLOSE.