7, MILLBANK CLOSE, CHELFORD, MACCLESFIELD, SK11 9SJ - £430,000

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 MILLBANK CLOSE is a small extended detached house of 96m², built sometime between 1976 and 1982, which could now be worth an estimated £574,329. It was last sold for £430,000 in December 2018, which was around 19% above the average December 2018 detached price in the Cheshire East local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was B.

7 MILLBANK CLOSE Sold Prices

Land registry data shows two sales for 7 MILLBANK 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 Cheshire East local authority area for the corresponding sale date. Both of the two 7 MILLBANK CLOSE sales 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
2018 19 DEC	£430,000	£361,091	19% above HPI
1998 22 MAY	£129,750	£109,842	18% above HPI

7 MILLBANK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cheshire East local authority area over time, sourced from the HPI. The two 7 MILLBANK CLOSE sales from May 1998 and December 2018 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 1998 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the December 2018 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 7 MILLBANK CLOSE be worth now?

7 MILLBANK CLOSE might now be worth an estimated £574,329.

This is based on house price inflation of 33.6%, between December 2018 and February 2025, for detached houses, in the Cheshire East local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 33.6% inflationary increase is applied to the most recent sale price for 7 MILLBANK CLOSE of £430,000 on 19th December 2018. For the value to have increased from £430,000 to £574,329 over the seven years and ten months to February 2025, the following assumptions must hold true:

• The value of 7 MILLBANK CLOSE has moved in line with the HPI for detached houses in the Cheshire East local authority area.
• The December 2018 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MILLBANK CLOSE has not materially changed since December 2018.

How Large is 7 MILLBANK CLOSE?

7 MILLBANK CLOSE is 96m², which includes one extension, according to the EPC inspection conducted in July 2018. This puts it in the smallest 30% of detached houses houses in Chelford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chelford, and where 7 MILLBANK CLOSE lies on this distribution: 22% of detached houses houses are smaller than 7 MILLBANK CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Chelford.

7 MILLBANK CLOSE: Plot and Title Map

7 MILLBANK CLOSE sits on a plot of roughly 0.146 of an acre, or 592m². The below map shows the location of 7 MILLBANK 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 MILLBANK 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 MILLBANK CLOSE?

7 MILLBANK CLOSE is located in CHELFORD, in the SK11 postcode district. The below map shows the position of No. 7 on MILLBANK CLOSE.