114, LAYER ROAD, COLCHESTER, CO2 7JN - £340,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

114 LAYER ROAD is a very small detached house of 76m², built sometime between 1930 and 1949. It was last sold for £340,000 in June 2016, which was around 12% below the average June 2016 detached price in the Colchester local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was D.

114 LAYER ROAD Sold Prices

Land registry data shows two sales for 114 LAYER ROAD 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 114 LAYER ROAD sales were for 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
2016 15 JUN	£340,000	£387,332	12% below HPI
2012 23 APR	£223,000	£281,519	21% below HPI

114 LAYER ROAD 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 114 LAYER ROAD sales from April 2012 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 April 2012 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the June 2016 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 114 LAYER ROAD?

114 LAYER ROAD is 76m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 20% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 114 LAYER ROAD lies on this distribution: 11% of detached houses are smaller than 114 LAYER ROAD, and 89% of houses are larger. Note that EPC data is not available for all properties in Colchester.

114 LAYER ROAD: Plot and Title Map

114 LAYER ROAD sits on a plot of roughly 0.182 of an acre, or 738m². The below map shows the location of 114 LAYER ROAD, 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 114 LAYER ROAD). 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 114 LAYER ROAD?

114 LAYER ROAD is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 114 on LAYER ROAD.