5, MILL CLOSE, TIPTREE, COLCHESTER, CO5 0LE - £288,000

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 CLOSE is a detached house, which could now be worth an estimated £539,206. It was last sold for £288,000 in October 2005, which was around 7% above the average October 2005 detached price in the Colchester local authority area.

5 MILL CLOSE Sold Prices

Land registry data shows two sales for 5 MILL CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. Both of the two 5 MILL CLOSE sales 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
2005 12 OCT	£288,000	£269,157	7% above HPI
1999 29 OCT	£169,950	£126,312	35% above HPI

What might 5 MILL CLOSE be worth now?

5 MILL CLOSE might now be worth an estimated £539,206.

This is based on house price inflation of 87.2%, between October 2005 and April 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 87.2% inflationary increase is applied to the most recent sale price for 5 MILL CLOSE of £288,000 on 12th October 2005. For the value to have increased from £288,000 to £539,206 over the 21 years and six months to April 2026, the following assumptions must hold true:

• The value of 5 MILL CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The October 2005 sale price of £288,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MILL CLOSE has not materially changed since October 2005.

Where is 5 MILL CLOSE?

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