THE MILL HOUSE, BRAINTREE ROAD, WETHERSFIELD, BRAINTREE, CM7 4AQ - £1,000,000

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.

THE MILL HOUSE is a large extended detached house of 144m², built sometime before 1900, which could now be worth an estimated £1,160,581. It was last sold for £1,000,000 in June 2020, which was around 101% above the average June 2020 detached price in the Braintree local authority area. The most recent EPC inspection was May 2022, where the current energy rating was F, and the potential energy rating was C.

THE MILL HOUSE Sold Prices

Land registry data shows two sales for THE MILL HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. Both of the two THE MILL HOUSE 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
2020 29 JUN	£1,000,000	£497,618	101% above HPI
1995 24 FEB	£275,000	£98,908	178% above HPI

THE MILL HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Braintree local authority area over time, sourced from the HPI. The two THE MILL HOUSE sales from February 1995 and June 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 February 1995 sale was for 178% above the HPI. So the extrapolation line tracks at 178% above the HPI over time, until the June 2020 sale, where it falls to 101% above the HPI. The line then continues to track at 101% above the HPI.

What might THE MILL HOUSE be worth now?

THE MILL HOUSE might now be worth an estimated £1,160,581.

This is based on house price inflation of 16.1%, between June 2020 and February 2025, for detached houses, in the Braintree local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.1% inflationary increase is applied to the most recent sale price for THE MILL HOUSE of £1,000,000 on 29th June 2020. For the value to have increased from £1,000,000 to £1,160,581 over the five years and four months to February 2025, the following assumptions must hold true:

• The value of THE MILL HOUSE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The June 2020 sale price of £1,000,000 represented a fair market value for the property.
• The size, condition, and specification of THE MILL HOUSE has not materially changed since June 2020.

How Large is THE MILL HOUSE?

THE MILL HOUSE is 144m², which includes three extensions, according to the EPC inspection conducted in May 2022. This puts it in the largest 40% of detached houses houses in Shalford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shalford, and where THE MILL HOUSE lies on this distribution: 64% of detached houses houses are smaller than THE MILL HOUSE, and 33% of houses are larger. Note that EPC data is not available for all properties in Shalford.

THE MILL HOUSE: Plot and Title Map

THE MILL HOUSE sits on a plot of roughly 2.3 acres, or 9,122m². The below map shows the location of THE MILL HOUSE, 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 THE MILL HOUSE). 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 THE MILL HOUSE?

THE MILL HOUSE is located on BRAINTREE ROAD in WETHERSFIELD, in the CM7 postcode district. The below map shows the position of THE MILL HOUSE on BRAINTREE ROAD.