16, MILLERS LANE, STANWAY, COLCHESTER, CO3 0PS - £600,000

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

16 MILLERS LANE is a very large extended detached house of 168m², built sometime between 1930 and 1949. It was last sold for £600,000 in September 2022, which was around 17% above the average September 2022 detached price in the Colchester local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was C.

16 MILLERS LANE Sold Prices

Land registry data shows two sales for 16 MILLERS LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. One of the two 16 MILLERS LANE sales was for above the average price, whilst the other was 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
2022 26 SEP	£600,000	£512,793	17% above HPI
2009 4 NOV	£197,000	£269,579	27% below HPI

16 MILLERS 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 two 16 MILLERS LANE sales from November 2009 and September 2022 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 November 2009 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the September 2022 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is 16 MILLERS LANE?

16 MILLERS LANE is 168m², which includes three extensions, according to the EPC inspection conducted in May 2022. This puts it in the largest 20% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 16 MILLERS LANE lies on this distribution: 88% of detached houses are smaller than 16 MILLERS LANE, and 12% of houses are larger. Note that EPC data is not available for all properties in Colchester.

16 MILLERS LANE: Plot and Title Map

16 MILLERS LANE sits on a plot of roughly 0.101 of an acre, or 407m². The below map shows the location of 16 MILLERS 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 16 MILLERS 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 16 MILLERS LANE?

16 MILLERS LANE is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 16 on MILLERS LANE.