According to the public record, 5, Mill Hill, Stowmarket is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,117 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Mill Hill, Cotton, Stowmarket, IP14 is located in the borough of Mid Suffolk within the IP14 postal district.
5, Mill Hill, Stowmarket 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 5 Mill Hill Stowmarket as £359,104 and the rental value as £977 per month giving an expected gross yield of 3.3%.
Over the last 12 months the sale value of 5 Mill Hill Stowmarket has decreased by £447 (0.1%) and its rental value has increased by £20 per month (2.1%).
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 5, Mill Hill, Stowmarket is in very good condition we estimate a sale value of £377,059 and rental value of £1,025 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £333,967 and a rental value of £908 per month.
If you were able to purchase this property for the estimated value of £359,104, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,765 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, 5, Mill Hill, Stowmarket was last sold on 26 Mar 2015 for £250,000 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 41.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Mill Hill, Stowmarket within a radius of 407m over the last 2 years.
The most recent example is 1 The Cottage, Mendlesham Road, Stowmarket, IP14 4RB, a Freehold house which sold for £377,000 in Jun 2021.
Read more about house prices in IP14.
Mill Hill, Cotton, Stowmarket, IP14 has a total of 6 addresses. According to our analysis of all the public data, 5, Mill Hill, Stowmarket is the 6th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £54k more expensive than the average property in IP14.
The closest station to 5, Mill Hill, Stowmarket is Elmswell station which is 8.5 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 5, Mill Hill, Stowmarket, 56.1% of property is privately owned outright and 29.5% 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 5, Mill Hill, Stowmarket, 15.7% of residents are recorded as possessing school level qualifications and 26.0% 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 5, Mill Hill, Stowmarket, the average age was 46.3 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 5, Mill Hill, Stowmarket, 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 5, Mill Hill, Stowmarket, 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.