12, MILL PLACE, CIRENCESTER, GL7 2BG - £590,000

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.

12 MILL PLACE is a midsized terraced house of 135m², built sometime between 2003 and 2006, which could now be worth an estimated £734,141. It was last sold for £590,000 in March 2018, which was around 122% above the average March 2018 terraced price in the Cotswold local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

12 MILL PLACE Sold Prices

Land registry data shows two sales for 12 MILL PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Cotswold local authority area for the corresponding sale date. Both of the two 12 MILL PLACE sales were for above 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
2018 12 MAR	£590,000	£266,297	122% above HPI
2004 29 OCT	£420,000	£185,704	126% above HPI

12 MILL PLACE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Cotswold local authority area over time, sourced from the HPI. The two 12 MILL PLACE sales from October 2004 and March 2018 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 2004 sale was for 126% above the HPI. So the extrapolation line tracks at 126% above the HPI over time, until the March 2018 sale, where it falls to 122% above the HPI. The line then continues to track at 122% above the HPI.

What might 12 MILL PLACE be worth now?

12 MILL PLACE might now be worth an estimated £734,141.

This is based on house price inflation of 24.4%, between March 2018 and May 2026, for terraced houses, in the Cotswold local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.4% inflationary increase is applied to the most recent sale price for 12 MILL PLACE of £590,000 on 12th March 2018. For the value to have increased from £590,000 to £734,141 over the seven years and ten months to May 2026, the following assumptions must hold true:

• The value of 12 MILL PLACE has moved in line with the HPI for terraced houses in the Cotswold local authority area.
• The March 2018 sale price of £590,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MILL PLACE has not materially changed since March 2018.

How Large is 12 MILL PLACE?

12 MILL PLACE is 135m² according to the EPC inspection conducted in August 2016. This puts it in the largest 50% of terraced houses houses in Cirencester, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Cirencester, and where 12 MILL PLACE lies on this distribution: 59% of terraced houses houses are smaller than 12 MILL PLACE, and 40% of houses are larger. Note that EPC data is not available for all properties in Cirencester.

12 MILL PLACE: Plot and Title Map

12 MILL PLACE sits on a plot of roughly 1.7 acres, or 6,748m². The below map shows the location of 12 MILL PLACE, 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 12 MILL PLACE). 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 12 MILL PLACE?

12 MILL PLACE is located in CIRENCESTER, in the GL7 postcode district. The below map shows the position of No. 12 on MILL PLACE.