7, MILL CLOSE, TIPTREE, COLCHESTER, CO5 0LE - £365,000

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

7 MILL CLOSE is a midsized detached house of 108m², built sometime between 1996 and 2002. It was last sold for £365,000 in June 2016, which was around 6% below the average June 2016 detached price in the Colchester local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

7 MILL CLOSE Sold Prices

Land registry data shows three sales for 7 MILL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. One of the three 7 MILL CLOSE sales was for below the average price, whilst two were for above 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
2016 22 JUN	£365,000	£387,332	6% below HPI
2008 30 JUL	£290,000	£281,113	3% above HPI
1999 22 DEC	£144,950	£129,201	12% above HPI

7 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 three 7 MILL CLOSE sales between December 1999 and June 2016 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 2008 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the June 2016 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 7 MILL CLOSE?

7 MILL CLOSE is 108m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 50% of detached houses in Tiptree, based on EPC data. The below chart shows the distribution of detached houses by size in Tiptree, and where 7 MILL CLOSE lies on this distribution: 46% of detached houses are smaller than 7 MILL CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

7 MILL CLOSE: Plot and Title Map

7 MILL CLOSE sits on a plot of roughly 0.099 of an acre, or 401m². The below map shows the location of 7 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 7 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 7 MILL CLOSE?

7 MILL CLOSE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 7 on MILL CLOSE.