5, MILLER CLOSE, STANSTED, CM24 8FJ - £400,000

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.

5 MILLER CLOSE is a very small extended semi-detached house of 88m², built sometime between 2007 and 2011, which could now be worth an estimated £417,845. It was last sold for £400,000 in February 2022, which was around 5% below the average February 2022 semi-detached price in the Uttlesford local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

5 MILLER CLOSE Sold Prices

Land registry data shows two sales for 5 MILLER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Uttlesford local authority area for the corresponding sale date. Both of the two 5 MILLER CLOSE 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 15 FEB	£400,000	£419,402	5% below HPI
2010 29 OCT	£226,950	£256,428	11% below HPI

5 MILLER CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Uttlesford local authority area over time, sourced from the HPI. The two 5 MILLER CLOSE sales from October 2010 and February 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 October 2010 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the February 2022 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 5 MILLER CLOSE be worth now?

5 MILLER CLOSE might now be worth an estimated £417,845.

This is based on house price inflation of 4.5%, between February 2022 and February 2025, for semi-detached houses, in the Uttlesford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.5% inflationary increase is applied to the most recent sale price for 5 MILLER CLOSE of £400,000 on 15th February 2022. For the value to have increased from £400,000 to £417,845 over the three years to February 2025, the following assumptions must hold true:

• The value of 5 MILLER CLOSE has moved in line with the HPI for semi-detached houses in the Uttlesford local authority area.
• The February 2022 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MILLER CLOSE has not materially changed since February 2022.

How Large is 5 MILLER CLOSE?

5 MILLER CLOSE is 88m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the smallest 10% of semi-detached houses houses in Stansted Mountfitchet, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Stansted Mountfitchet, and where 5 MILLER CLOSE lies on this distribution: 9% of semi-detached houses houses are smaller than 5 MILLER CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Stansted Mountfitchet.

5 MILLER CLOSE: Plot and Title Map

5 MILLER CLOSE sits on a plot of roughly 0.044 of an acre, or 177m². The below map shows the location of 5 MILLER 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 5 MILLER 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 5 MILLER CLOSE?

5 MILLER CLOSE is located in STANSTED, in the CM24 postcode district. The below map shows the position of No. 5 on MILLER CLOSE.