According to the public record, 1 Mill Cottages, Ipswich is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 965 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Mill Lane, Layham, Ipswich, IP7 is located in the borough of Babergh within the IP7 postal district.
1 Mill Cottages, Ipswich has a single entry in the Land Registry database from March 2015 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.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Mill Cottages Ipswich as £540,276 and the rental value as £1,520 per month giving an expected gross yield of 3.4%.
Over the last 12 months the sale value of 1 Mill Cottages Ipswich has decreased by £14,061 (2.6%) and its rental value has increased by £81 per month (5.3%).
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 1 Mill Cottages, Ipswich is in very good condition we estimate a sale value of £567,290 and rental value of £1,596 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £502,457 and a rental value of £1,413 per month.
If you were able to purchase this property for the estimated value of £540,276, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,655 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 1 Mill Cottages, Ipswich was last sold on 09 Mar 2015 for £340,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2015, the market for similar properties has risen 43.4%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 1 Mill Cottages, Ipswich within a radius of 1.0km over the last 2 years.
The most recent example is Partridge Cottage, Stoke Road, Ipswich, IP7 5RB, a Freehold house which sold for £200,000 in Jul 2014.
Read more about house prices in IP7.
Mill Lane, Layham, Ipswich, IP7 has a total of 16 addresses. According to our analysis of all the public data, 1 Mill Cottages, Ipswich is the 14th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £164k more expensive than the average property in IP7.
The closest station to 1 Mill Cottages, Ipswich is Manningtree station which is 10.2 km 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 1 Mill Cottages, Ipswich, 48.9% of property is privately owned outright and 25.9% is privately owned with a mortgage.
The graph below shows how this compares to Greater London 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 1 Mill Cottages, Ipswich, 15.0% of residents are recorded as possessing school level qualifications and 39.4% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1 Mill Cottages, Ipswich, the average age was 47.8 and the most common age was 62.
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 1 Mill Cottages, Ipswich, 0.9% 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 1 Mill Cottages, Ipswich, 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.