20, MILLSON BANK, CHELMSFORD, CM2 6QD - £650,000

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.

20 MILLSON BANK is a large detached house of 143m², built sometime between 1991 and 1995, which could now be worth an estimated £774,580. It was last sold for £650,000 in February 2020, which was around 12% above the average February 2020 detached price in the Chelmsford local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

20 MILLSON BANK Sold Prices

Land registry data shows four sales for 20 MILLSON BANK since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. two of the four 20 MILLSON BANK sales were for above the average price, and four 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
2020 21 FEB	£650,000	£581,493	12% above HPI
2016 29 JUL	£565,000	£530,037	7% above HPI
1998 13 AUG	£130,000	£143,419	9% below HPI
1996 25 OCT	£92,500	£111,590	17% below HPI

20 MILLSON BANK 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 four 20 MILLSON BANK sales between October 1996 and February 2020 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 July 2016 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the February 2020 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 20 MILLSON BANK be worth now?

20 MILLSON BANK might now be worth an estimated £774,580.

This is based on house price inflation of 19.2%, between February 2020 and August 2025, 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 19.2% inflationary increase is applied to the most recent sale price for 20 MILLSON BANK of £650,000 on 21st February 2020. For the value to have increased from £650,000 to £774,580 over the four years and six months to August 2025, the following assumptions must hold true:

• The value of 20 MILLSON BANK has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The February 2020 sale price of £650,000 represented a fair market value for the property.
• The size, condition, and specification of 20 MILLSON BANK has not materially changed since February 2020.

How Large is 20 MILLSON BANK?

20 MILLSON BANK is 143m² according to the EPC inspection conducted in June 2019. This puts it in the largest 40% of detached houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chelmsford, and where 20 MILLSON BANK lies on this distribution: 68% of detached houses houses are smaller than 20 MILLSON BANK, and 31% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

20 MILLSON BANK: Plot and Title Map

20 MILLSON BANK sits on a plot of roughly 0.126 of an acre, or 511m². The below map shows the location of 20 MILLSON BANK, 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 20 MILLSON BANK). 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 20 MILLSON BANK?

20 MILLSON BANK is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 20 on MILLSON BANK.