1, MILL LANE, BIRCH, COLCHESTER, CO2 0NG - £405,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 MILL LANE is a small detached house of 124m², built sometime between 1996 and 2002. It was last sold for £405,000 in January 2021, which was around 10% below the average January 2021 detached price in the Colchester local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was B.

1 MILL LANE Sold Prices

Land registry data shows four sales for 1 MILL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. Most of the four 1 MILL LANE 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
2021 13 JAN	£405,000	£447,931	10% below HPI
2005 22 JUL	£245,000	£268,859	9% below HPI
2003 13 OCT	£210,000	£235,767	11% below HPI
1999 13 OCT	£145,000	£125,966	15% above HPI

1 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Colchester local authority area over time, sourced from the HPI. The four 1 MILL LANE sales between October 1999 and January 2021 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 July 2005 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the January 2021 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 1 MILL LANE?

1 MILL LANE is 124m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 30% of detached houses in Birch Green, based on EPC data. The below chart shows the distribution of detached houses by size in Birch Green, and where 1 MILL LANE lies on this distribution: 24% of detached houses are smaller than 1 MILL LANE, and 76% of houses are larger. Note that EPC data is not available for all properties in Birch Green.

1 MILL LANE: Plot and Title Map

1 MILL LANE sits on a plot of roughly 0.082 of an acre, or 333m². The below map shows the location of 1 MILL LANE, 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 MILL LANE). 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 MILL LANE?

1 MILL LANE is located in BIRCH, in the CO2 postcode district. The below map shows the position of No. 1 on MILL LANE.