3, MILL WALK, TIPTREE, COLCHESTER, CO5 0LF - £321,000

3 MILL WALK is a small extended detached house of 96m², built sometime between 1976 and 1982. It was last sold for £321,000 in January 2018, which was around 26% below the average January 2018 detached price in the Colchester 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.

3 MILL WALK Sold Prices

Land registry data shows three sales for 3 MILL WALK 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. All of the three 3 MILL WALK 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
2018 4 JAN	£321,000	£432,750	26% below HPI
2015 2 SEP	£280,000	£362,538	23% below HPI
1996 8 NOV	£64,000	£92,053	30% below HPI

3 MILL WALK 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 3 MILL WALK sales between November 1996 and January 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 September 2015 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the January 2018 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 3 MILL WALK?

3 MILL WALK is 96m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the smallest 40% of detached houses in Tiptree, based on EPC data. The below chart shows the distribution of detached houses by size in Tiptree, and where 3 MILL WALK lies on this distribution: 34% of detached houses are smaller than 3 MILL WALK, and 65% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

3 MILL WALK: Plot and Title Map

3 MILL WALK sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 3 MILL WALK, 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 3 MILL WALK). 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 3 MILL WALK?

3 MILL WALK is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 3 on MILL WALK.