16, Mill Lane
16, Mill Lane
Description & Estimates
16, Mill Lane, Thetford appears in the public record as a freehold house sitting on a 63.3 m2 plot.
By comparing it to nearby properties, we estimate it to be a period house with 666 ft2 of internal area and a garden.
Locally, houses of this size normally have 2 bedrooms.
Our estimate of the sale value of 16, Mill Lane, Thetford is £189,292 and its rental estimate is £1,033 per month, given the available information and assuming reasonable condition.
Mill Lane, Barnham, Thetford, IP24 falls within the IP24 postal district, in the borough of Breckland.
Our Data Sources
16, Mill Lane, Thetford has 51 entries in the Land Registry , most recently in February 2016 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 16, Mill Lane, Thetford, we estimate a market value of £198,757 and a rental value of £1,084 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £176,042 and £961 per month respectively.
Recent Market Change
Over the last year, 16, Mill Lane, Thetford has seen its estimated sale value drop by £3,995 (2.1%) and its estimated rental value rise by £34 per month (3.3%). This results in an estimated gross rental yield of 6.5%.
Plot Size
HM Land Registry records the plot of land for 16, Mill Lane, Thetford as measuring 63 m2.
That makes it the 25th largest plot in the postcode, where 28 of the 33 other houses have recorded plot data.
Sold Prices
The most recent sale of 16, Mill Lane, Thetford completed on 12th February 2016 at £120,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 5 times.
Values of comparable properties have risen by 48.3% over the period since February 2016.
- Sold Feb 2016£120,000
- Sold Dec 2006£119,995
- Sold Sep 2004£101,950
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 16, Mill Lane, Thetford have sold within a radius of 640 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 3rd August 2023, was 52, Bury Road, Thetford, IP24 3DE, a freehold house which sold for £147,500.
Read more about house prices in IP24.
- Sold Aug 2023£147,500 | 2 Bed House52, Bury Road, Thetford, IP24 3DE52, Bury Road, Thetford, IP24 3DE
- Sold May 2021£144,000 | 3 Bed House14, Mill Lane, Thetford, IP24 3BZ14, Mill Lane, Thetford, IP24 3BZ
- Sold Jan 2017£115,000 | 3 Bed House59, Bury Road, Thetford, IP24 3DD59, Bury Road, Thetford, IP24 3DD
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 58 addresses on Mill Lane, Barnham, Thetford, IP24, 16, Mill Lane, Thetford comes out as the 54th largest and the 54th most expensive in our analysis of the public data.
It is also £42k less expensive than the average property across the IP24 district.
More reading links
Schools Nearby
- 500mQueensway Junior Academy
- 500mQueensway Infant Academy
- 700mNorwich Road Academy
- 2.0kmThe Thetford Academy
- 10.4kmBreckland School
- 13.6kmIxworth High School
More reading links
Public Transport Nearby
From 16, Mill Lane, Thetford, the nearest station is Thetford, 1.0 kilometres away.
- 1.0kmThetford
- 9.6kmBrandon
- 12.0kmHarling Road
Available Internet Speeds
Internet coverage here is poor, based on recent Ofcom data, and connectivity may be weak or unavailable.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
