20, REDMILL, COLCHESTER, CO3 4RT - £685,000

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 REDMILL is a very large extended detached house of 209m², built sometime between 1991 and 1995, which could now be worth an estimated £693,121. It was last sold for £685,000 in May 2022, which was around 38% above the average May 2022 detached price in the Colchester local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

20 REDMILL Sold Prices

Land registry data shows four sales for 20 REDMILL since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 20 REDMILL 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
2022 6 MAY	£685,000	£498,023	38% above HPI
2018 27 APR	£580,000	£435,344	33% above HPI
2009 12 AUG	£337,500	£260,373	30% above HPI
1997 20 JUN	£185,000	£96,103	93% above HPI

20 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 four 20 REDMILL sales between June 1997 and May 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 April 2018 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the May 2022 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 20 REDMILL be worth now?

20 REDMILL might now be worth an estimated £693,121.

This is based on house price inflation of 1.2%, between May 2022 and April 2026, for detached houses, in the Colchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.2% inflationary increase is applied to the most recent sale price for 20 REDMILL of £685,000 on 6th May 2022. For the value to have increased from £685,000 to £693,121 over the four years and one month to April 2026, the following assumptions must hold true:

• The value of 20 REDMILL has moved in line with the HPI for detached houses in the Colchester local authority area.
• The May 2022 sale price of £685,000 represented a fair market value for the property.
• The size, condition, and specification of 20 REDMILL has not materially changed since May 2022.

How Large is 20 REDMILL?

20 REDMILL is 209m², which includes one extension, according to the EPC inspection conducted in November 2019. This puts it in the largest 10% of detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where 20 REDMILL lies on this distribution: 95% of detached houses houses are smaller than 20 REDMILL, and 4% of houses are larger. Note that EPC data is not available for all properties in Colchester.

20 REDMILL: Plot and Title Map

20 REDMILL sits on a plot of roughly 0.164 of an acre, or 663m². The below map shows the location of 20 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 20 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 20 REDMILL?

20 REDMILL is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 20 on REDMILL.