1, MILBANK, CHELMSFORD, CM2 6YX - £590,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

1 MILBANK is a midsized extended detached house of 119m², built sometime between 1996 and 2002. It was last sold for £590,000 in September 2024, which was around 11% below the average September 2024 detached price in the Chelmsford local authority area. The most recent EPC inspection was March 2024, where the current energy rating was C, and the potential energy rating was B.

1 MILBANK Sold Prices

Land registry data shows three sales for 1 MILBANK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. Two of the three 1 MILBANK sales were for below the average price, whilst one was 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
2024 23 SEP	£590,000	£660,715	11% below HPI
2007 26 JAN	£307,500	£353,744	13% below HPI
2001 30 MAR	£199,950	£196,549	2% above HPI

1 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 three 1 MILBANK sales between March 2001 and September 2024 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 January 2007 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the September 2024 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 1 MILBANK?

1 MILBANK is 119m², which includes two extensions, according to the EPC inspection conducted in March 2024. This puts it in the smallest 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 1 MILBANK lies on this distribution: 49% of detached houses are smaller than 1 MILBANK, and 50% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

1 MILBANK: Plot and Title Map

1 MILBANK sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of 1 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 1 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 1 MILBANK?

1 MILBANK is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 1 on MILBANK.