1, MILLFIELDS, DANBURY, CHELMSFORD, CM3 4LE - £400,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 MILLFIELDS is a very small extended detached house of 100m², built sometime between 1967 and 1975, which could now be worth an estimated £587,952. It was last sold for £400,000 in June 2015, which was around 14% below the average June 2015 detached price in the Chelmsford local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was C.

1 MILLFIELDS Sold Prices

Land registry data shows two sales for 1 MILLFIELDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. Both of the two 1 MILLFIELDS sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2015 25 JUN	£400,000	£467,829	14% below HPI
2001 10 OCT	£167,500	£218,374	23% below HPI

1 MILLFIELDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chelmsford local authority area over time, sourced from the HPI. The two 1 MILLFIELDS sales from October 2001 and June 2015 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2001 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the June 2015 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 1 MILLFIELDS be worth now?

1 MILLFIELDS might now be worth an estimated £587,952.

This is based on house price inflation of 47%, between June 2015 and April 2026, for detached houses, in the Chelmsford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 47% inflationary increase is applied to the most recent sale price for 1 MILLFIELDS of £400,000 on 25th June 2015. For the value to have increased from £400,000 to £587,952 over the eleven years and two months to April 2026, the following assumptions must hold true:

• The value of 1 MILLFIELDS has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The June 2015 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MILLFIELDS has not materially changed since June 2015.

How Large is 1 MILLFIELDS?

1 MILLFIELDS is 100m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the smallest 20% of detached houses houses in Danbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Danbury, and where 1 MILLFIELDS lies on this distribution: 12% of detached houses houses are smaller than 1 MILLFIELDS, and 88% of houses are larger. Note that EPC data is not available for all properties in Danbury.

1 MILLFIELDS: Plot and Title Map

1 MILLFIELDS sits on a plot of roughly 0.095 of an acre, or 385m². The below map shows the location of 1 MILLFIELDS, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 MILLFIELDS). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 MILLFIELDS?

1 MILLFIELDS is located in DANBURY, in the CM3 postcode district. The below map shows the position of No. 1 on MILLFIELDS.