Mill Reach, Bungay
Mill Reach, Bungay
Description & Estimates
Public records show Mill Reach, Bungay to be a period freehold house with 645 ft2 of internal area, sitting on a 652 m2 plot.
In this area, houses of this size normally have 2 bedrooms with a garden.
Mill Reach, Bungay has an estimated sale value of £319,374 and an estimated rental value of £1,126 per month, assuming reasonable condition and based on the information available.
Staithe Road, Bungay, NR35 lies in the borough of East Suffolk, within the NR35 postal district.
Our Data Sources
Mill Reach, Bungay has 2 entries in the Land Registry , most recently in May 2023 and a single entry in the EPC database dated December 2016.
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 Mill Reach, Bungay would be worth £335,343, with a potential rental value of £1,182 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £297,018, with a rental value of £1,047 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 Mill Reach, Bungay has fallen by £3,496 (1.1%) over the last year. During the same period, its estimated monthly rental value has moved up by £35 (3.1%). The property's estimated gross yield is currently 4.2%.
Plot Size
Mill Reach, Bungay occupies a 652 m2 plot as recorded by HM Land Registry.
Of the 22 other houses in this postcode, 13 have recorded plot sizes, and this one ranks as the largest.
Energy Efficiency
Mill Reach, Bungay has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 18 Dec 2016.
The property is not connected to mains gas and has mostly double glazing. It is heated using Room heaters, dual fuel (mineral and wood).
Sold Prices
Mill Reach, Bungay last changed hands on 3rd May 2023, selling for £390,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 11.5% since May 2023.
- Sold May 2023£390,000
- Sold Aug 2017£285,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 940 metres of Mill Reach, Bungay across the last 2 years.
Most recently, 5, Rose Hall Gardens, Bungay, NR35 1BJ, a freehold house, sold at £240,000 on the 3rd February 2022.
Read more about house prices in NR35.
•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 Mill Reach, Bungay as the 49th largest and the 12th most expensive of the 64 addresses on Staithe Road, Bungay, NR35.
Against the NR35 postcode district average, it is £14k more expensive than the typical property.
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Schools Nearby
- 200mBungay Primary School
- 300mSt Edmund's Catholic Primary School
- 1.6kmEarsham Church of England Primary Academy
- 1.0kmBungay High School
- 7.8kmSir John Leman High School
- 8.8kmBeccles High School
More reading links
Public Transport Nearby
Beccles station is the nearest stop to Mill Reach, Bungay at 8.6 kilometres away.
- 8.6kmBeccles
- 9.5kmBrampton (Suffolk)
- 12.7kmHalesworth
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 high risk of flooding.
