18, MILLSON BANK, CHELMSFORD, CM2 6QD - £462,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

18 MILLSON BANK is a small extended detached house of 103m², built sometime between 1983 and 1990, which could now be worth an estimated £520,322. It was last sold for £462,500 in July 2019, which was around 22% below the average July 2019 detached price in the Chelmsford local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

18 MILLSON BANK Sold Prices

Land registry data shows three sales for 18 MILLSON BANK 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. All of the three 18 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
2019 31 JUL	£462,500	£593,547	22% below HPI
1999 22 OCT	£145,000	£163,158	11% below HPI
1996 21 AUG	£94,500	£109,395	14% below HPI

18 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 three 18 MILLSON BANK sales between August 1996 and July 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 October 1999 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the July 2019 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 18 MILLSON BANK be worth now?

18 MILLSON BANK might now be worth an estimated £520,322.

This is based on house price inflation of 12.5%, between July 2019 and December 2024, 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 12.5% inflationary increase is applied to the most recent sale price for 18 MILLSON BANK of £462,500 on 31st July 2019. For the value to have increased from £462,500 to £520,322 over the four years and seven months to December 2024, the following assumptions must hold true:

• The value of 18 MILLSON BANK has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The July 2019 sale price of £462,500 represented a fair market value for the property.
• The size, condition, and specification of 18 MILLSON BANK has not materially changed since July 2019.

How Large is 18 MILLSON BANK?

18 MILLSON BANK is 103m², which includes one extension, according to the EPC inspection conducted in March 2019. 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 18 MILLSON BANK lies on this distribution: 33% of detached houses houses are smaller than 18 MILLSON BANK, and 67% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

18 MILLSON BANK: Plot and Title Map

18 MILLSON BANK sits on a plot of roughly 0.086 of an acre, or 350m². The below map shows the location of 18 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 18 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 18 MILLSON BANK?

18 MILLSON BANK is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 18 on MILLSON BANK.