16, REDMILL, COLCHESTER, CO3 4RT - £385,000

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.

16 REDMILL is a very large detached house of 224m², built sometime between 1976 and 1982, which could now be worth an estimated £675,809. It was last sold for £385,000 in August 2011, which was around 34% above the average August 2011 detached price in the Colchester local authority area. The most recent EPC inspection was March 2011, where the current energy rating was E, and the potential energy rating was C.

16 REDMILL Sold Prices

Land registry data shows one sale for 16 REDMILL 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
2011 5 AUG	£385,000	£286,460	34% above HPI

What might 16 REDMILL be worth now?

16 REDMILL might now be worth an estimated £675,809.

This is based on house price inflation of 75.5%, between August 2011 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 75.5% inflationary increase is applied to the most recent sale price for 16 REDMILL of £385,000 on 5th August 2011. For the value to have increased from £385,000 to £675,809 over the fifteen years and three months to May 2026, the following assumptions must hold true:

• The value of 16 REDMILL has moved in line with the HPI for detached houses in the Colchester local authority area.
• The August 2011 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 16 REDMILL has not materially changed since August 2011.

How Large is 16 REDMILL?

16 REDMILL is 224m² according to the EPC inspection conducted in March 2011. This puts it in the largest 10% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 16 REDMILL lies on this distribution: 97% of detached houses are smaller than 16 REDMILL, and 3% of detached houses are larger. Note that EPC data is not available for all properties in Colchester.

16 REDMILL: Plot

16 REDMILL sits on a plot of roughly 0.186 of an acre, or 754m².

Where is 16 REDMILL?

16 REDMILL is located in COLCHESTER, in the CO3 postcode district.