11, MILLSON BANK, CHELMSFORD, CM2 6QD - £272,000

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 MILLSON BANK is a small detached house of 105m², built sometime between 1983 and 1990, which could now be worth an estimated £521,880. It was last sold for £272,000 in September 2009, which was around 22% below the average September 2009 detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2009, where the current energy rating was D, and the potential energy rating was C.

11 MILLSON BANK Sold Prices

Land registry data shows two sales for 11 MILLSON BANK 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 MILLSON BANK 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 10 SEP	£272,000	£348,556	22% below HPI
2005 16 SEP	£236,000	£332,059	29% below HPI

11 MILLSON BANK 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 MILLSON BANK sales from September 2005 and September 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 September 2005 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the September 2009 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 11 MILLSON BANK be worth now?

11 MILLSON BANK might now be worth an estimated £521,880.

This is based on house price inflation of 91.9%, between September 2009 and March 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 91.9% inflationary increase is applied to the most recent sale price for 11 MILLSON BANK of £272,000 on 10th September 2009. For the value to have increased from £272,000 to £521,880 over the sixteen years and six months to March 2025, the following assumptions must hold true:

• The value of 11 MILLSON BANK has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The September 2009 sale price of £272,000 represented a fair market value for the property.
• The size, condition, and specification of 11 MILLSON BANK has not materially changed since September 2009.

How Large is 11 MILLSON BANK?

11 MILLSON BANK is 105m² according to the EPC inspection conducted in May 2009. This puts it in the smallest 40% 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 MILLSON BANK lies on this distribution: 35% of detached houses houses are smaller than 11 MILLSON BANK, and 65% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

11 MILLSON BANK: Plot and Title Map

11 MILLSON BANK sits on a plot of roughly 0.074 of an acre, or 301m². The below map shows the location of 11 MILLSON BANK, 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 MILLSON BANK). 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 MILLSON BANK?

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