2, MILLFIELD CLOSE, CHATTERIS, PE16 6SS - £227,500

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

2 MILLFIELD CLOSE is a large detached house of 121m², built sometime between 1976 and 1982, which could now be worth an estimated £345,916. It was last sold for £227,500 in October 2007, which was around 12% above the average October 2007 detached price in the Fenland local authority area. The most recent EPC inspection was August 2023, where the current energy rating was D, and the potential energy rating was B.

2 MILLFIELD CLOSE Sold Prices

Land registry data shows four sales for 2 MILLFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Fenland local authority area for the corresponding sale date. two of the four 2 MILLFIELD CLOSE sales were for above the average price, and four 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
2007 26 OCT	£227,500	£203,446	12% above HPI
2006 29 NOV	£199,995	£186,345	7% above HPI
2005 4 MAY	£155,000	£179,749	14% below HPI
1997 15 JUL	£56,500	£59,800	6% below HPI

2 MILLFIELD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Fenland local authority area over time, sourced from the HPI. The four 2 MILLFIELD CLOSE sales between July 1997 and October 2007 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 2006 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the October 2007 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 2 MILLFIELD CLOSE be worth now?

2 MILLFIELD CLOSE might now be worth an estimated £345,916.

This is based on house price inflation of 52.1%, between October 2007 and December 2024, for detached houses, in the Fenland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 52.1% inflationary increase is applied to the most recent sale price for 2 MILLFIELD CLOSE of £227,500 on 26th October 2007. For the value to have increased from £227,500 to £345,916 over the sixteen years and ten months to December 2024, the following assumptions must hold true:

• The value of 2 MILLFIELD CLOSE has moved in line with the HPI for detached houses in the Fenland local authority area.
• The October 2007 sale price of £227,500 represented a fair market value for the property.
• The size, condition, and specification of 2 MILLFIELD CLOSE has not materially changed since October 2007.

How Large is 2 MILLFIELD CLOSE?

2 MILLFIELD CLOSE is 121m² according to the EPC inspection conducted in August 2023. This puts it in the largest 40% of detached houses houses in Chatteris, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chatteris, and where 2 MILLFIELD CLOSE lies on this distribution: 62% of detached houses houses are smaller than 2 MILLFIELD CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Chatteris.

2 MILLFIELD CLOSE: Plot and Title Map

2 MILLFIELD CLOSE sits on a plot of roughly 0.109 of an acre, or 441m². The below map shows the location of 2 MILLFIELD CLOSE, 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 2 MILLFIELD CLOSE). 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 2 MILLFIELD CLOSE?

2 MILLFIELD CLOSE is located in CHATTERIS, in the PE16 postcode district. The below map shows the position of No. 2 on MILLFIELD CLOSE.