2, MILLSON BANK, CHELMSFORD, CM2 6QD - £535,000

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 MILLSON BANK is a midsized extended detached house of 123m², built sometime between 1976 and 1982. It was last sold for £535,000 in September 2022, which was around 22% below the average September 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was June 2009, where the current energy rating was E, and the potential energy rating was C.

2 MILLSON BANK Sold Prices

Land registry data shows four sales for 2 MILLSON BANK since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. Most of the four 2 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
2022 8 SEP	£535,000	£687,833	22% below HPI
2021 11 JUN	£480,000	£592,899	19% below HPI
2002 15 FEB	£208,000	£222,489	7% below HPI
1998 9 MAR	£138,000	£134,692	2% above HPI

2 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 four 2 MILLSON BANK sales between March 1998 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 June 2021 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the September 2022 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 2 MILLSON BANK?

2 MILLSON BANK is 123m², which includes one extension, according to the EPC inspection conducted in June 2009. This puts it in the largest 50% of detached houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmsford, and where 2 MILLSON BANK lies on this distribution: 53% of detached houses are smaller than 2 MILLSON BANK, and 47% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

2 MILLSON BANK: Plot and Title Map

2 MILLSON BANK sits on a plot of roughly 0.074 of an acre, or 301m². The below map shows the location of 2 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 2 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 2 MILLSON BANK?

2 MILLSON BANK is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 2 on MILLSON BANK.