12, MILL CLOSE, TIPTREE, COLCHESTER, CO5 0LE - £220,000

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.

12 MILL CLOSE is a small detached house of 83m², built sometime between 1967 and 1975, which could now be worth an estimated £340,552. It was last sold for £220,000 in August 2014, which was around 32% below the average August 2014 detached price in the Colchester local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

12 MILL CLOSE Sold Prices

Land registry data shows one sale for 12 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
2014 18 AUG	£220,000	£324,838	32% below HPI

What might 12 MILL CLOSE be worth now?

12 MILL CLOSE might now be worth an estimated £340,552.

This is based on house price inflation of 54.8%, between August 2014 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 54.8% inflationary increase is applied to the most recent sale price for 12 MILL CLOSE of £220,000 on 18th August 2014. For the value to have increased from £220,000 to £340,552 over the twelve years and three months to May 2026, the following assumptions must hold true:

• The value of 12 MILL CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The August 2014 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MILL CLOSE has not materially changed since August 2014.

How Large is 12 MILL CLOSE?

12 MILL CLOSE is 83m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 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 12 MILL CLOSE lies on this distribution: 20% of detached houses are smaller than 12 MILL CLOSE, and 79% of detached houses are larger. Note that EPC data is not available for all properties in Tiptree.

12 MILL CLOSE: Plot

12 MILL CLOSE sits on a plot of roughly 0.094 of an acre, or 381m².

Where is 12 MILL CLOSE?

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