11, MILBANK, CHELMSFORD, CM2 6YX - £720,000

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.

11 MILBANK is a large extended detached house of 156m², built sometime between 1996 and 2002, which could now be worth an estimated £822,495. It was last sold for £720,000 in December 2019, which was around 24% above the average December 2019 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was B.

11 MILBANK Sold Prices

Land registry data shows two sales for 11 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 11 MILBANK 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
2019 12 DEC	£720,000	£582,570	24% above HPI
2001 31 AUG	£260,000	£212,073	23% above HPI

11 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 11 MILBANK sales from August 2001 and December 2019 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 August 2001 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the December 2019 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 11 MILBANK be worth now?

11 MILBANK might now be worth an estimated £822,495.

This is based on house price inflation of 14.2%, between December 2019 and February 2025, for detached houses, in the Chelmsford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.2% inflationary increase is applied to the most recent sale price for 11 MILBANK of £720,000 on 12th December 2019. For the value to have increased from £720,000 to £822,495 over the six years and ten months to February 2025, the following assumptions must hold true:

• The value of 11 MILBANK has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The December 2019 sale price of £720,000 represented a fair market value for the property.
• The size, condition, and specification of 11 MILBANK has not materially changed since December 2019.

How Large is 11 MILBANK?

11 MILBANK is 156m², which includes one extension, according to the EPC inspection conducted in May 2016. This puts it in the largest 30% of detached houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chelmsford, and where 11 MILBANK lies on this distribution: 76% of detached houses houses are smaller than 11 MILBANK, and 24% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

11 MILBANK: Plot and Title Map

11 MILBANK sits on a plot of roughly 0.112 of an acre, or 455m². The below map shows the location of 11 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 11 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 11 MILBANK?

11 MILBANK is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 11 on MILBANK.