9, MILL CLOSE, TIPTREE, COLCHESTER, CO5 0LE - £385,000

9 MILL CLOSE is a large detached house of 134m², built sometime between 1996 and 2002. It was last sold for £385,000 in September 2016, which was around 5% below the average September 2016 detached price in the Colchester local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was B.

9 MILL CLOSE Sold Prices

Land registry data shows three sales for 9 MILL CLOSE 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. One of the three 9 MILL CLOSE sales was for below the average price, whilst two 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
2016 29 SEP	£385,000	£405,861	5% below HPI
2003 22 MAY	£259,995	£231,315	12% above HPI
1999 27 AUG	£173,950	£122,586	42% above HPI

9 MILL CLOSE 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 9 MILL CLOSE sales between August 1999 and September 2016 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 May 2003 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the September 2016 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 9 MILL CLOSE?

9 MILL CLOSE is 134m² according to the EPC inspection conducted in March 2016. This puts it in the largest 30% of detached houses in Tiptree, based on EPC data. The below chart shows the distribution of detached houses by size in Tiptree, and where 9 MILL CLOSE lies on this distribution: 71% of detached houses are smaller than 9 MILL CLOSE, and 29% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

9 MILL CLOSE: Plot and Title Map

9 MILL CLOSE sits on a plot of roughly 0.119 of an acre, or 481m². The below map shows the location of 9 MILL CLOSE, 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 9 MILL CLOSE). 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 9 MILL CLOSE?

9 MILL CLOSE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 9 on MILL CLOSE.