5, MILL ROAD, HENHAM, BISHOP'S STORTFORD, CM22 6AD - £350,000

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.

5 MILL ROAD is a very small detached house of 96m², built sometime between 1996 and 2002, which could now be worth an estimated £414,751. It was last sold for £350,000 in March 2019, which was around 44% below the average March 2019 detached price in the Uttlesford local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was B.

5 MILL ROAD Sold Prices

Land registry data shows six sales for 5 MILL ROAD since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Uttlesford local authority area for the corresponding sale date. All of the six 5 MILL ROAD 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
2019 19 MAR	£350,000	£625,651	44% below HPI
2003 16 JUN	£200,000	£340,249	41% below HPI
1998 30 NOV	£108,500	£186,883	42% below HPI
1997 9 MAY	£97,000	£152,588	36% below HPI
1995 8 SEP	£27,500	£134,028	79% below HPI
1995 4 JUL	£18,000	£138,052	87% below HPI

5 MILL ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Uttlesford local authority area over time, sourced from the HPI. The six 5 MILL ROAD sales between July 1995 and March 2019 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 June 2003 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the March 2019 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might 5 MILL ROAD be worth now?

5 MILL ROAD might now be worth an estimated £414,751.

This is based on house price inflation of 18.5%, between March 2019 and May 2026, for detached houses, in the Uttlesford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.5% inflationary increase is applied to the most recent sale price for 5 MILL ROAD of £350,000 on 19th March 2019. For the value to have increased from £350,000 to £414,751 over the six years and ten months to May 2026, the following assumptions must hold true:

• The value of 5 MILL ROAD has moved in line with the HPI for detached houses in the Uttlesford local authority area.
• The March 2019 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MILL ROAD has not materially changed since March 2019.

How Large is 5 MILL ROAD?

5 MILL ROAD is 96m² according to the EPC inspection conducted in September 2018. This puts it in the smallest 10% of detached houses houses in Henham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Henham, and where 5 MILL ROAD lies on this distribution: 7% of detached houses houses are smaller than 5 MILL ROAD, and 93% of houses are larger. Note that EPC data is not available for all properties in Henham.

5 MILL ROAD: Plot and Title Map

5 MILL ROAD sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of 5 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 5 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 5 MILL ROAD?

5 MILL ROAD is located in HENHAM, in the CM22 postcode district. The below map shows the position of No. 5 on MILL ROAD.