21, MILL CLOSE, TIPTREE, COLCHESTER, CO5 0LE - £475,000

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

21 MILL CLOSE is a large extended detached house of 150m², built sometime between 1967 and 1975. It was last sold for £475,000 in September 2020, which was around 9% above the average September 2020 detached price in the Colchester local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was C.

21 MILL CLOSE Sold Prices

Land registry data shows two sales for 21 MILL CLOSE 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 21 MILL CLOSE 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
2020 25 SEP	£475,000	£434,672	9% above HPI
2006 28 JUL	£235,000	£279,139	16% below HPI

21 MILL CLOSE 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 21 MILL CLOSE sales from July 2006 and September 2020 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 July 2006 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the September 2020 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is 21 MILL CLOSE?

21 MILL CLOSE is 150m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the largest 30% of detached houses in Tiptree, based on EPC data. The below chart shows the distribution of detached houses by size in Tiptree, and where 21 MILL CLOSE lies on this distribution: 79% of detached houses are smaller than 21 MILL CLOSE, and 21% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

21 MILL CLOSE: Plot and Title Map

21 MILL CLOSE sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of 21 MILL 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 21 MILL 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 21 MILL CLOSE?

21 MILL CLOSE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 21 on MILL CLOSE.