Stay up to date
Stay up to date
Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
  | Â
VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
Be the first Estate
Agent here!
Millstone Cottage, Eye is recorded publicly as a modern freehold house across 1,022 ft2 of internal area, sitting on a 314 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of Millstone Cottage, Eye is £444,171 and its rental estimate is £1,144 per month, given the available information and assuming reasonable condition.
Mill Lane, Thorndon, Eye, IP23 falls within the IP23 postal district, in the borough of Mid Suffolk.
Millstone Cottage, Eye has 21 entries in the Land Registry , most recently in July 2023 and a single entry in the EPC database dated October 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
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 Millstone Cottage, Eye, we estimate a market value of £466,380 and a rental value of £1,202 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £413,079 and £1,064 per month respectively.
Over the last year, Millstone Cottage, Eye has seen its estimated sale value fall by £13,034 (2.9%) and its estimated rental value move up by £31 per month (2.7%). This results in an estimated gross rental yield of 3.1%.
HM Land Registry records the plot of land for Millstone Cottage, Eye as measuring 314 m2.
That makes it the 2nd largest plot in the postcode, where 2 of the 4 other houses have recorded plot data.
Millstone Cottage, Eye has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 11 Oct 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
The most recent sale of Millstone Cottage, Eye completed on 28th July 2023 at £450,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 13.9% over the period since July 2023.
Over the past 2 years 3 properties similar to Millstone Cottage, Eye have sold within a radius of 4.5 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 30th July 2024, was Shepherds House, Mill Lane, Eye, IP23 7JP, a freehold house which sold for £482,000.
Read more about house prices in IP23.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 4 addresses on Mill Lane, Thorndon, Eye, IP23, Millstone Cottage, Eye comes out as the 3rd largest and the 3rd most expensive in our analysis of the public data.
It is also £70k more expensive than the average property across the IP23 district.
From Millstone Cottage, Eye, the nearest station is Diss, 10.0 kilometres away.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around Millstone Cottage, Eye, 44.2% of property is privately owned outright and 30.6% is privately owned with a mortgage.
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 Millstone Cottage, Eye, 15.7% of residents are recorded as possessing school level qualifications and 30.0% 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 Millstone Cottage, Eye, the average age was 48.4 and the most common age was 72.
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 Millstone Cottage, Eye, 3.1% 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 Millstone Cottage, Eye, there are an average of 1.8 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
