1, Millers Way
1, Millers Way
Description & Estimates
Public records show 1, Millers Way, Ipswich to be a modern freehold house with 1,237 ft2 of internal area, sitting on a 347 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
1, Millers Way, Ipswich has an estimated sale value of £412,520 and an estimated rental value of £1,408 per month, assuming reasonable condition and based on the information available.
Millers Way, Otley, Ipswich, IP6 lies in the borough of East Suffolk, within the IP6 postal district.
Our Data Sources
1, Millers Way, Ipswich has a single entry in the Land Registry from August 2021 and a single entry in the EPC database dated July 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate 1, Millers Way, Ipswich would be worth £433,146, with a potential rental value of £1,478 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £383,643, with a rental value of £1,309 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 1, Millers Way, Ipswich has declined by £16,817 (4.1%) over the last year. During the same period, its estimated monthly rental value has climbed by £29 (2.0%). The property's estimated gross yield is currently 4.1%.
Plot Size
1, Millers Way, Ipswich occupies a 347 m2 plot as recorded by HM Land Registry.
Of the 26 other houses in this postcode, 14 have recorded plot sizes, and this one ranks as the 9th largest.
Energy Efficiency
1, Millers Way, Ipswich has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 09 Jul 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, radiators, electric.
Sold Prices
1, Millers Way, Ipswich last changed hands on 20th August 2021, selling for £425,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 11.6% since August 2021.
- Sold Aug 2021£425,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 5.1 kilometres of 1, Millers Way, Ipswich across the last 2 years.
Most recently, 11, Millers Way, Ipswich, IP6 9HF, a freehold house, sold at £407,500 on the 30th June 2021.
Read more about house prices in IP6.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 1, Millers Way, Ipswich as the 14th largest and the 14th most expensive of the 30 addresses on Millers Way, Otley, Ipswich, IP6.
Against the IP6 postcode district average, it is £83k more expensive than the typical property.
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Schools Nearby
- 400mOtley Primary School
- 3.3kmWitnesham Primary School
- 4.0kmHelmingham Primary School and Nursery
- 8.1kmFarlingaye High School
- 8.5kmClaydon High School
- 8.8kmDebenham High School
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Public Transport Nearby
Westerfield station is the nearest stop to 1, Millers Way, Ipswich at 8.5 kilometres away.
- 8.5kmWesterfield
- 9.6kmWoodbridge
- 9.7kmMelton (Suffolk)
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
