2, MILLFIELDS, TIPTREE, COLCHESTER, CO5 0FD - £456,000

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

2 MILLFIELDS is a midsized detached house of 107m², built sometime between 1996 and 2002. It was last sold for £456,000 in July 2018, which was around 5% above the average July 2018 detached price in the Colchester local authority area. The most recent EPC inspection was January 2018, where the current energy rating was C, and the potential energy rating was B.

2 MILLFIELDS Sold Prices

Land registry data shows three sales for 2 MILLFIELDS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the three 2 MILLFIELDS 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
2018 10 JUL	£456,000	£433,026	5% above HPI
2006 6 FEB	£287,000	£275,510	4% above HPI
2000 30 MAR	£162,500	£135,902	20% above HPI

2 MILLFIELDS 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 three 2 MILLFIELDS sales between March 2000 and July 2018 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 February 2006 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the July 2018 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is 2 MILLFIELDS?

2 MILLFIELDS is 107m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 50% of detached houses in Tiptree, based on EPC data. The below chart shows the distribution of detached houses by size in Tiptree, and where 2 MILLFIELDS lies on this distribution: 45% of detached houses are smaller than 2 MILLFIELDS, and 55% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

2 MILLFIELDS: Plot and Title Map

2 MILLFIELDS sits on a plot of roughly 0.129 of an acre, or 523m². The below map shows the location of 2 MILLFIELDS, 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 MILLFIELDS). 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 MILLFIELDS?

2 MILLFIELDS is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 2 on MILLFIELDS.