371, MILL ROAD, MILE END, COLCHESTER, CO4 5GG - £333,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

371 MILL ROAD is a large detached house of 128m², built sometime between 1991 and 1995, which could now be worth an estimated £392,244. It was last sold for £333,000 in May 2020, which was around 22% below the average May 2020 detached price in the Colchester local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was B.

371 MILL ROAD Sold Prices

Land registry data shows four sales for 371 MILL ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 371 MILL ROAD 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
2020 15 MAY	£333,000	£428,933	22% below HPI
2007 15 MAR	£229,000	£293,732	22% below HPI
1998 20 NOV	£104,000	£112,678	8% below HPI
1996 14 JUN	£89,995	£90,601	1% below HPI

371 MILL ROAD 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 four 371 MILL ROAD sales between June 1996 and May 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 March 2007 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the May 2020 sale, which was also at 22% below the HPI.

What might 371 MILL ROAD be worth now?

371 MILL ROAD might now be worth an estimated £392,244.

This is based on house price inflation of 17.8%, between May 2020 and March 2025, for detached houses, in the Colchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.8% inflationary increase is applied to the most recent sale price for 371 MILL ROAD of £333,000 on 15th May 2020. For the value to have increased from £333,000 to £392,244 over the five years and two months to March 2025, the following assumptions must hold true:

• The value of 371 MILL ROAD has moved in line with the HPI for detached houses in the Colchester local authority area.
• The May 2020 sale price of £333,000 represented a fair market value for the property.
• The size, condition, and specification of 371 MILL ROAD has not materially changed since May 2020.

How Large is 371 MILL ROAD?

371 MILL ROAD is 128m² according to the EPC inspection conducted in June 2019. This puts it in the largest 40% of detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where 371 MILL ROAD lies on this distribution: 67% of detached houses houses are smaller than 371 MILL ROAD, and 33% of houses are larger. Note that EPC data is not available for all properties in Colchester.

371 MILL ROAD: Plot and Title Map

371 MILL ROAD sits on a plot of roughly 0.102 of an acre, or 411m². The below map shows the location of 371 MILL ROAD, 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 371 MILL ROAD). 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 371 MILL ROAD?

371 MILL ROAD is located in MILE END, in the CO4 postcode district. The below map shows the position of No. 371 on MILL ROAD.