327, MILL ROAD, MILE END, COLCHESTER, CO4 5GQ - £240,000

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.

327 MILL ROAD is a very small terraced house of 74m², built sometime between 2003 and 2006, which could now be worth an estimated £273,407. It was last sold for £240,000 in May 2021, which was around 4% above the average May 2021 terraced price in the Colchester local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

327 MILL ROAD Sold Prices

Land registry data shows four sales for 327 MILL ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Colchester local authority area for the corresponding sale date. Most of the four 327 MILL ROAD 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
2021 7 MAY	£240,000	£231,430	4% above HPI
2007 18 OCT	£168,000	£164,019	2% above HPI
2005 27 OCT	£121,875	£141,435	14% below HPI
2003 30 APR	£150,000	£108,329	38% above HPI

327 MILL ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Colchester local authority area over time, sourced from the HPI. The four 327 MILL ROAD sales between April 2003 and May 2021 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 2007 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the May 2021 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 327 MILL ROAD be worth now?

327 MILL ROAD might now be worth an estimated £273,407.

This is based on house price inflation of 13.9%, between May 2021 and July 2025, for terraced 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 13.9% inflationary increase is applied to the most recent sale price for 327 MILL ROAD of £240,000 on 7th May 2021. For the value to have increased from £240,000 to £273,407 over the three years and ten months to July 2025, the following assumptions must hold true:

• The value of 327 MILL ROAD has moved in line with the HPI for terraced houses in the Colchester local authority area.
• The May 2021 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 327 MILL ROAD has not materially changed since May 2021.

How Large is 327 MILL ROAD?

327 MILL ROAD is 74m² according to the EPC inspection conducted in July 2019. This puts it in the smallest 10% of terraced houses houses in Colchester, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Colchester, and where 327 MILL ROAD lies on this distribution: 9% of terraced houses houses are smaller than 327 MILL ROAD, and 91% of houses are larger. Note that EPC data is not available for all properties in Colchester.

327 MILL ROAD: Plot and Title Map

327 MILL ROAD sits on a plot of roughly 0.057 of an acre, or 230m². The below map shows the location of 327 MILL ROAD, 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 327 MILL ROAD). 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 327 MILL ROAD?

327 MILL ROAD is located in MILE END, in the CO4 postcode district. The below map shows the position of No. 327 on MILL ROAD.