Sold STC Flat

41 MILLBANK

NEWMARKET, SUFFOLK CB8 0EQ

2 beds 710 sq ft Listed 15 Feb 2018 (-3029d)

£179,995

Guide Price

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# 2 bedroom apartment for sale (CB8 0EQ)

## Property Details

| Key | Value |
|-----|-------|
| Address | 41 MILLBANK, NEWMARKET, SUFFOLK CB8 0EQ |
| Price | £179,995 |
| Bedrooms | 2 |
| Construction age | England and Wales: 1950-1966 |
| Floor area | 66 m² |
| Last sold | £175,000 Jul 2018 |

## EPC Rating & Upgrade Cost

- **Current rating:** D
- **Potential rating:** C
- **Current heating cost:** £477/year
- **Est. upgrade cost to C:** £10,690

### Recommendations
- Q (Â£4,000 - Â£14,000)
- W (Â£800 - Â£1,200)
- E (Â£35)
- Y (Â£585 - Â£725)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/0817-2805-7837-9907-3415)

## Description

A deceptively spacious ground floor apartment boasting driveway parking and extremely generous gardens to the rear.

Comprising two double bedrooms, large living/dining room, kitchen and recently fitted four piece shower room.

Offered for sale with no onward chain.

EPC (D)

## Property Photos

- ![Photo](/listings/photos/71496059/311779)
- ![Photo](/listings/photos/71496059/311781)
- ![Photo](/listings/photos/71496059/311783)
- ![Photo](/listings/photos/71496059/311785)
- ![Photo](/listings/photos/71496059/311787)
- ![Photo](/listings/photos/71496059/311789)
- ![Photo](/listings/photos/71496059/311791)
- ![Photo](/listings/photos/71496059/311793)
- ![Photo](/listings/photos/71496059/311795)
- ![Photo](/listings/photos/71496059/311798)
- ![Photo](/listings/photos/71496059/311801)
- ![Photo](/listings/photos/71496059/311804)

## Floorplans

- ![Floorplan 1](/listings/photos/71496059/311807) - Floorplan 1

## EPC Graphs

- ![EPC 1](/listings/photos/71496059/311810) - EPC 1

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 41 MILLBANK, NEWMARKET, FOREST HEATH, SUFFOLK, CB8 0EQ | £175,000 | 02/07/2018 | Flat |
| 41 MILLBANK, NEWMARKET, FOREST HEATH, SUFFOLK, CB8 0EQ | £138,000 | 08/11/2013 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 20 SKEAPING CLOSE, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0GQ | £162,500 | 13/10/2025 | Flat |
| 1 ST DAVID, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0JH | £155,000 | 20/12/2023 | Flat |
| WHITE LODGE 10 HEASMAN CLOSE, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0SS | £282,500 | 10/11/2023 | Flat |
| WHITE LODGE 22 HEASMAN CLOSE, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0SS | £295,000 | 29/09/2023 | Flat |
| 15 ST ANDREW, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0JF | £130,000 | 09/06/2023 | Flat |
| 99 FRESHFIELDS, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0EF | £200,000 | 21/04/2023 | Flat |
| 12 FRESHFIELDS, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0EH | £130,000 | 19/12/2022 | Flat |
| 14 FERNELEY CRESCENT, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0GW | £108,750 | 20/05/2022 | Flat |
| 9 SKEAPING CLOSE, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0GP | £170,000 | 04/04/2022 | Flat |
| 99 FRESHFIELDS, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0EF | £155,000 | 01/04/2022 | Flat |
| [Same street] 13 MILLBANK, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0EQ | £280,000 | 11/02/2022 | Semi-detached |
| CANTERVIEW APARTMENT 11 ROWLEY DRIVE, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0JA | £207,500 | 31/01/2022 | Flat |
| 96 FRESHFIELDS, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0EF | £145,000 | 07/01/2022 | Flat |
| WHITE LODGE 28 HEASMAN CLOSE, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0SS | £178,000 | 10/12/2021 | Flat |
| CANTERVIEW APARTMENTS APARTMENT 10 ROWLEY DRIVE, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0JA | £202,500 | 26/11/2021 | Flat |
| MILL MEWS, 34 5 MILL HILL, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0JB | £235,000 | 15/10/2021 | Flat |
| 26 ENGELHARD ROAD, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0SA | £141,000 | 22/09/2021 | Flat |
| 17 FRESHFIELDS, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0EF | £197,500 | 20/09/2021 | Flat |
| 12 SKEAPING CLOSE, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0GQ | £170,000 | 30/06/2021 | Flat |

**Street average:** £280,000 (1 sale)
**Area average:** £181,403 (18 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £187,688 (8 Flat, CB8, 2024–2026)
- **Deviation:** -4.1%

## Rental Range

*ONS Price Index of Private Rents (West Suffolk). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,058/mo
- **Realistic:** £1,176/mo
- **Optimistic:** £1,294/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Cambridge (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £947/mo

## 1% Rule

- **Rent ratio:** 0.65% (weak for cashflow)
- **Max investor price (0.8%):** £147,000
- **Target investor price (1%):** £117,600

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on Area rent estimate.*

## Price per Square Metre

- **£/m²:** £2,727/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 20.1%
- **10y growth:** -19%

## House Price Index (HM Land Registry)

*Official index for West Suffolk; Flats and maisonettes series; as of February 2026.*

- **1y growth (index):** 0%
- **5y growth (index):** 0.1%
- **10y growth (index):** 14.9%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

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Property details

Floor area

66 m²

EPC rating

Year built

England and Wales: 1950-1966

Last sold

£175,000 Jul 2018

Price per m²

£2,727/m²

Local average

£187,688 (-4.1%)

Deprivation

Decile 4 (12,124 of 33,755)

Street crime

116 incidents within 1 mile (Mar 2026)

Key features

Ground Floor Apartment
Large Living / Dining Room
Kitchen
2 Bedrooms
4 Piece Bathroom
No Onward Chain

Additional details

Parking: Yes
Garden: Yes

Description

A deceptively spacious ground floor apartment boasting driveway parking and extremely generous gardens to the rear.

Comprising two double bedrooms, large living/dining room, kitchen and recently fitted four piece shower room.

Offered for sale with no onward chain.

EPC (D)

Listed by

Newmarket

Morris Armitage

Reference: 71496059

EPC Rating & Upgrade Cost

Current rating: D

Potential rating: C

Inspection date: 05/07/2013

Current heating cost: £477/year

Potential heating cost: £275/year

Est. upgrade cost to C: £10,690

EPC D or below may face future regulation risk. Upgrading to C could improve long-term ROI.

Recommendations

50 mm internal or external wall insulation (Â£4,000 - Â£14,000)
Floor insulation (Â£800 - Â£1,200)
Low energy lighting for all fixed outlets (Â£35)
Heat recovery system for mixer showers (Â£585 - Â£725)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

EPC Graphs

EPC 1

Price history

27% since 2013

Event	Date	Price	% change
Sold	02/07/2018 (7 years ago)	£175,000	+26.8%
Sold	08/11/2013 (12 years ago)	£138,000	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
20 SKEAPING CLOSE, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0GQ	£162,500	13/10/2025	Flat
1 ST DAVID, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0JH	£155,000	20/12/2023	Flat
WHITE LODGE 10 HEASMAN CLOSE, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0SS	£282,500	10/11/2023	Flat
WHITE LODGE 22 HEASMAN CLOSE, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0SS	£295,000	29/09/2023	Flat
15 ST ANDREW, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0JF	£130,000	09/06/2023	Flat
99 FRESHFIELDS, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0EF	£200,000	21/04/2023	Flat
12 FRESHFIELDS, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0EH	£130,000	19/12/2022	Flat
14 FERNELEY CRESCENT, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0GW	£108,750	20/05/2022	Flat
9 SKEAPING CLOSE, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0GP	£170,000	04/04/2022	Flat
99 FRESHFIELDS, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0EF	£155,000	01/04/2022	Flat
Same street 13 MILLBANK, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0EQ	£280,000	11/02/2022	Semi-detached
CANTERVIEW APARTMENT 11 ROWLEY DRIVE, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0JA	£207,500	31/01/2022	Flat
96 FRESHFIELDS, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0EF	£145,000	07/01/2022	Flat
WHITE LODGE 28 HEASMAN CLOSE, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0SS	£178,000	10/12/2021	Flat
CANTERVIEW APARTMENTS APARTMENT 10 ROWLEY DRIVE, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0JA	£202,500	26/11/2021	Flat
MILL MEWS, 34 5 MILL HILL, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0JB	£235,000	15/10/2021	Flat
26 ENGELHARD ROAD, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0SA	£141,000	22/09/2021	Flat
17 FRESHFIELDS, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0EF	£197,500	20/09/2021	Flat
12 SKEAPING CLOSE, NEWMARKET, WEST SUFFOLK, SUFFOLK, CB8 0GQ	£170,000	30/06/2021	Flat

Street average: £280,000 (1 sale)

Area average: £181,403 (18 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 20.1%

10y growth -19%

House Price Index (HM Land Registry — official index, not sold-price averages): West Suffolk. Series: Flats and maisonettes. As of February 2026.

1y (index) 0%

5y (index) 0.1%

10y (index) 14.9%

Rental Range

Estimated market rent for West Suffolk. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,058/mo

Realistic £1,176/mo

Optimistic £1,294/mo

Based on Local Authority from postcode lookup → West Suffolk.

LHA (30th percentile) floor for Cambridge: £947/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View CB8 0EQ

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Shop	Aldi	0.1 miles
Bus stop	Tannersfield Way	0.1 miles
Bus stop	Newmarket College	0.1 miles
Hospital	Newmarket Hospital (no A&E)	0.2 miles
Shop	Costcutter	0.3 miles
Train station	Newmarket	0.8 miles
Train station	Dullingham	3.5 miles
Hospital	Ida Darwin Hospital	9.3 miles
University	Anglia Ruskin University -Faculty of Health, Social Care & Education	11.4 miles
University	Cambridge University Boathouse	11.4 miles

Street-level crime

Category	Count
Violence and sexual offences	49
Public order	15
Other theft	11
Criminal damage and arson	8
Anti-social behaviour	7
Shoplifting	7
Burglary	6
Drugs	6
Vehicle crime	4
Other crime	2
Theft from the person	1
Total incidents	116

Within 1 mile during Mar 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
Newmarket Academy	Secondary	0.2 miles	Good — 25 Sep 2023
Houldsworth Valley Primary Academy	Primary	0.3 miles	Good — 27 Nov 2019
Paddocks Primary School	Primary	0.4 miles	Good — 24 Jun 2024
St Louis Catholic Academy	Primary	0.4 miles	Good — 16 Feb 2011
Fairstead House	Other	0.5 miles	— (No rating)

Rental Comparables

Rental listings exist nearby, but none matched the 2-bedroom estimate from EPC for this property.

Rent-driven metrics

Based on Area rent estimate.

Rent ratio 0.65%

Max investor price (0.8%) £147,000

Target investor price (1%) £117,600

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).