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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 2, Mill Lane, Ipswich is a modern house with 753 ft2 of internal area and sits on a 388 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Mill Lane, Ipswich is £346,756 and the estimated rental value is £1,202 per month.
Mill Lane, Copdock, Ipswich, IP8 is located in the borough of Babergh within the IP8 postal district.
2, Mill Lane, Ipswich has no records in the the Land Registry and a single entry in the EPC database dated October 2021.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Mill Lane, Ipswich is in very good condition we estimate a sale value of £364,094 and a rental value of £1,262 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £322,483 and a rental value of £1,118 per month.
Over the last 12 months the sale value of 2 Mill Lane Ipswich has decreased by an estimated £14,723 (4.2%) and its rental value has increased by an estimated £31 per month (2.6%), giving an expected gross yield of 4.2%.
According to data from HM Land Registry, 2, Mill Lane, Ipswich sits on a plot of 388m2.
We have plot size data on 5 out of 5 other houses in the postcode and 2, Mill Lane, Ipswich sits on the 5th largest plot.
2, Mill Lane, Ipswich has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Oct 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Mill Lane, Ipswich within a radius of 1.6 kilometres over the last 2 years.
The most recent example is 7, Strickland Close, Ipswich, IP8 3GG, a freehold house which sold for £260,000 on the 20th January 2023.
Read more about house prices in IP8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Lane, Copdock, Ipswich, IP8 has a total of 5 addresses. According to our analysis of all the public data, 2, Mill Lane, Ipswich is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £21k more expensive than the average property in IP8.
The closest station to 2, Mill Lane, Ipswich is Ipswich station which is 4.1 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Mill Lane, Ipswich, 36.0% of property is socially rented and 27.2% is privately owned outright.
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Mill Lane, Ipswich, 17.9% of residents are recorded as possessing school level qualifications and 24.0% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Mill Lane, Ipswich, the average age was 43.2 and the most common age was 57.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Mill Lane, Ipswich, 0.0% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Mill Lane, Ipswich, there are an average of 1.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
