12, MILBANK, CHELMSFORD, CM2 6YX - £345,000

12 MILBANK is a midsized extended detached house of 127m², built sometime between 1996 and 2002. It was last sold for £345,000 in October 2009, which was around 2% below the average October 2009 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2009, where the current energy rating was C, and the potential energy rating was C.

12 MILBANK Sold Prices

Land registry data shows two sales for 12 MILBANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. Both of the two 12 MILBANK sales were for below 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
2009 23 OCT	£345,000	£352,099	2% below HPI
2001 31 OCT	£200,000	£216,071	7% below HPI

12 MILBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chelmsford local authority area over time, sourced from the HPI. The two 12 MILBANK sales from October 2001 and October 2009 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2001 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the October 2009 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 12 MILBANK?

12 MILBANK is 127m², which includes one extension, according to the EPC inspection conducted in May 2009. This puts it in the largest 50% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 12 MILBANK lies on this distribution: 57% of detached houses are smaller than 12 MILBANK, and 43% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

12 MILBANK: Plot and Title Map

12 MILBANK sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 12 MILBANK, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 12 MILBANK). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 12 MILBANK?

12 MILBANK is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 12 on MILBANK.