7, MILFORD CLOSE, WIVENHOE, COLCHESTER, CO7 9RF - £280,000

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.

7 MILFORD CLOSE is a very small extended semi-detached house of 62m², built sometime between 1967 and 1975, which could now be worth an estimated £330,468. It was last sold for £280,000 in September 2020, which was about the average September 2020 semi-detached price in the Colchester local authority area. The most recent EPC inspection was May 2020, where the current energy rating was D, and the potential energy rating was B.

7 MILFORD CLOSE Sold Prices

Land registry data shows four sales for 7 MILFORD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Colchester local authority area for the corresponding sale date. The four 7 MILFORD CLOSE sales were a mix of roughly equal to the average price, above the average price, and 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 4 SEP	£280,000	£280,651	Close to HPI
2006 5 MAY	£179,000	£185,523	4% below HPI
2003 14 APR	£150,000	£142,012	6% above HPI
1999 2 JUL	£64,000	£74,155	14% below HPI

7 MILFORD CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Colchester local authority area over time, sourced from the HPI. The four 7 MILFORD CLOSE sales between July 1999 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 May 2006 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the September 2020 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 7 MILFORD CLOSE be worth now?

7 MILFORD CLOSE might now be worth an estimated £330,468.

This is based on house price inflation of 18%, between September 2020 and February 2025, for semi-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 18% inflationary increase is applied to the most recent sale price for 7 MILFORD CLOSE of £280,000 on 4th September 2020. For the value to have increased from £280,000 to £330,468 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 7 MILFORD CLOSE has moved in line with the HPI for semi-detached houses in the Colchester local authority area.
• The September 2020 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MILFORD CLOSE has not materially changed since September 2020.

How Large is 7 MILFORD CLOSE?

7 MILFORD CLOSE is 62m², which includes one extension, according to the EPC inspection conducted in May 2020. This puts it in the smallest 10% of semi-detached houses houses in Wivenhoe, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Wivenhoe, and where 7 MILFORD CLOSE lies on this distribution: 4% of semi-detached houses houses are smaller than 7 MILFORD CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Wivenhoe.

7 MILFORD CLOSE: Plot and Title Map

7 MILFORD CLOSE sits on a plot of roughly 0.082 of an acre, or 331m². The below map shows the location of 7 MILFORD 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 7 MILFORD 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 7 MILFORD CLOSE?

7 MILFORD CLOSE is located in WIVENHOE, in the CO7 postcode district. The below map shows the position of No. 7 on MILFORD CLOSE.