10, MILL CLOSE, TIPTREE, COLCHESTER, CO5 0LE - £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.

10 MILL CLOSE is a small extended detached house of 94m², built sometime between 1976 and 1982, which could now be worth an estimated £405,614. It was last sold for £350,000 in May 2018, which was around 19% below the average May 2018 detached price in the Colchester local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was B.

10 MILL CLOSE Sold Prices

Land registry data shows one sale for 10 MILL CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Colchester local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 14 MAY	£350,000	£433,893	19% below HPI

What might 10 MILL CLOSE be worth now?

10 MILL CLOSE might now be worth an estimated £405,614.

This is based on house price inflation of 15.9%, between May 2018 and May 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 15.9% inflationary increase is applied to the most recent sale price for 10 MILL CLOSE of £350,000 on 14th May 2018. For the value to have increased from £350,000 to £405,614 over the eight years to May 2026, the following assumptions must hold true:

• The value of 10 MILL CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The May 2018 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 10 MILL CLOSE has not materially changed since May 2018.

How Large is 10 MILL CLOSE?

10 MILL CLOSE is 94m², which includes one extension, according to the EPC inspection conducted in November 2017. 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 10 MILL CLOSE lies on this distribution: 30% of detached houses are smaller than 10 MILL CLOSE, and 68% of detached houses are larger. Note that EPC data is not available for all properties in Tiptree.

10 MILL CLOSE: Plot

10 MILL CLOSE sits on a plot of roughly 0.101 of an acre, or 408m².

Where is 10 MILL CLOSE?

10 MILL CLOSE is located in TIPTREE, in the CO5 postcode district.