5, Mill Lane
5, Mill Lane
Description & Estimates
Public records show 5, Mill Lane, Ipswich to be a modern freehold house with 813 ft2 of internal area, sitting on a 158 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
5, Mill Lane, Ipswich has an estimated sale value of £217,401 and an estimated rental value of £1,121 per month, assuming reasonable condition and based on the information available.
Mill Lane, Elmsett, Ipswich, IP7 lies in the borough of Babergh, within the IP7 postal district.
Our Data Sources
5, Mill Lane, Ipswich has 31 entries in the Land Registry , most recently in January 2018 and a single entry in the EPC database dated November 2008.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 5, Mill Lane, Ipswich would be worth £228,271, with a potential rental value of £1,177 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £202,183, with a rental value of £1,043 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 5, Mill Lane, Ipswich has declined by £7,013 (3.2%) over the last year. During the same period, its estimated monthly rental value has climbed by £29 (2.6%). The property's estimated gross yield is currently 6.2%.
Plot Size
5, Mill Lane, Ipswich occupies a 158 m2 plot as recorded by HM Land Registry.
Of the 9 other houses in this postcode, 7 have recorded plot sizes, and this one ranks as the 7th largest.
Energy Efficiency
5, Mill Lane, Ipswich has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 27 Nov 2008.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
5, Mill Lane, Ipswich last changed hands on 22nd January 2018, selling for £218,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold 3 times since 1995.
The market for similar properties has risen by 1.1% since January 2018.
- Sold Jan 2018£218,000
- Sold May 2010£70,200
- Sold Feb 2006£64,400
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 3.9 kilometres of 5, Mill Lane, Ipswich across the last 2 years.
Most recently, 3, Mill Lane, Ipswich, IP7 6LP, a freehold house, sold at £186,000 on the 21st October 2016.
Read more about house prices in IP7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks 5, Mill Lane, Ipswich as the 8th largest and the 9th most expensive of the 11 addresses on Mill Lane, Elmsett, Ipswich, IP7.
Against the IP7 postcode district average, it is £147k less expensive than the typical property.
More reading links
Schools Nearby
- 1.0kmElmsett Church of England Primary School
- 2.7kmWhatfield Church of England Voluntary Controlled Primary School
- 3.7kmBeaumont Community Primary School
- 4.4kmHadleigh High School
- 9.2kmWestbourne Academy
- 9.2kmClaydon High School
More reading links
Public Transport Nearby
Needham Market station is the nearest stop to 5, Mill Lane, Ipswich at 9.3 kilometres away.
- 9.3kmNeedham Market
- 11.2kmIpswich
- 12.2kmWesterfield
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
