MILLFIELDS, BALLAST QUAY ROAD, WIVENHOE, COLCHESTER, CO7 9JT - £650,000

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

MILLFIELDS is a very large extended detached house of 163m², built sometime between 1930 and 1949. It was last sold for £650,000 in August 2019, which was around 48% above the average August 2019 detached price in the Colchester local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was A.

MILLFIELDS Sold Prices

Land registry data shows two sales for MILLFIELDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. Both of the two MILLFIELDS 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
2019 30 AUG	£650,000	£440,286	48% above HPI
1999 6 MAY	£249,000	£113,788	119% above HPI

MILLFIELDS 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 two MILLFIELDS sales from May 1999 and August 2019 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 1999 sale was for 119% above the HPI. So the extrapolation line tracks at 119% above the HPI over time, until the August 2019 sale, where it falls to 48% above the HPI. The line then continues to track at 48% above the HPI.

How Large is MILLFIELDS?

MILLFIELDS is 163m², which includes two extensions, according to the EPC inspection conducted in June 2019. This puts it in the largest 20% of detached houses in Wivenhoe, based on EPC data. The below chart shows the distribution of detached houses by size in Wivenhoe, and where MILLFIELDS lies on this distribution: 89% of detached houses are smaller than MILLFIELDS, and 11% of houses are larger. Note that EPC data is not available for all properties in Wivenhoe.

MILLFIELDS: Plot and Title Map

MILLFIELDS sits on a plot of roughly 0.277 of an acre, or 1,122m². The below map shows the location of MILLFIELDS, 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 MILLFIELDS). 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 MILLFIELDS?

MILLFIELDS is located on BALLAST QUAY ROAD in WIVENHOE, in the CO7 postcode district. The below map shows the position of MILLFIELDS on BALLAST QUAY ROAD.