12, REDMILL, COLCHESTER, CO3 4RT - £615,000

12 REDMILL is a large extended detached house of 134m², built sometime between 1976 and 1982. It was last sold for £615,000 in June 2022, which was around 17% above the average June 2022 detached price in the Colchester local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was C.

12 REDMILL Sold Prices

Land registry data shows three sales for 12 REDMILL since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. One of the three 12 REDMILL sales was for above the average price, whilst two 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
2022 22 JUN	£615,000	£524,110	17% above HPI
2006 15 DEC	£290,000	£292,913	1% below HPI
2001 3 APR	£150,000	£155,193	3% below HPI

12 REDMILL Price Paid vs. HPI Average

The below graph shows the average detached house price in the Colchester local authority area over time, sourced from the HPI. The three 12 REDMILL sales between April 2001 and June 2022 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 December 2006 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the June 2022 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is 12 REDMILL?

12 REDMILL is 134m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the largest 30% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 12 REDMILL lies on this distribution: 71% of detached houses are smaller than 12 REDMILL, and 28% of houses are larger. Note that EPC data is not available for all properties in Colchester.

12 REDMILL: Plot and Title Map

12 REDMILL sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 12 REDMILL, 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 REDMILL). 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 REDMILL?

12 REDMILL is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 12 on REDMILL.