5, REDMILL, COLCHESTER, CO3 4RT - £407,500

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 REDMILL is a large extended detached house of 146m², built sometime between 1967 and 1975, which could now be worth an estimated £471,900. It was last sold for £407,500 in July 2018, which was around 6% below the average July 2018 detached price in the Colchester local authority area. The most recent EPC inspection was July 2017, where the current energy rating was E, and the potential energy rating was C.

5 REDMILL Sold Prices

Land registry data shows one sale for 5 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
2018 10 JUL	£407,500	£434,215	6% below HPI

What might 5 REDMILL be worth now?

5 REDMILL might now be worth an estimated £471,900.

This is based on house price inflation of 15.8%, between July 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 15.8% inflationary increase is applied to the most recent sale price for 5 REDMILL of £407,500 on 10th July 2018. For the value to have increased from £407,500 to £471,900 over the eight years and two months to May 2026, the following assumptions must hold true:

• The value of 5 REDMILL has moved in line with the HPI for detached houses in the Colchester local authority area.
• The July 2018 sale price of £407,500 represented a fair market value for the property.
• The size, condition, and specification of 5 REDMILL has not materially changed since July 2018.

How Large is 5 REDMILL?

5 REDMILL is 146m², which includes one extension, according to the EPC inspection conducted in July 2017. This puts it in the largest 30% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 5 REDMILL lies on this distribution: 78% of detached houses are smaller than 5 REDMILL, and 22% of detached houses are larger. Note that EPC data is not available for all properties in Colchester.

5 REDMILL: Plot

5 REDMILL sits on a plot of roughly 0.106 of an acre, or 430m².

Where is 5 REDMILL?

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