17, NEW LANE, FEERING, COLCHESTER, CO5 9EJ - £280,000

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.

17 NEW LANE is a midsized extended detached house of 116m², built sometime between 1930 and 1949, which could now be worth an estimated £508,649. It was last sold for £280,000 in May 2011, which was around 12% below the average May 2011 detached price in the Braintree local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was A.

17 NEW LANE Sold Prices

Land registry data shows two sales for 17 NEW LANE 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 17 NEW LANE 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
2011 27 MAY	£280,000	£317,915	12% below HPI
2007 31 JUL	£189,995	£333,601	43% below HPI

17 NEW LANE 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 17 NEW LANE sales from July 2007 and May 2011 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 2007 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the May 2011 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 17 NEW LANE be worth now?

17 NEW LANE might now be worth an estimated £508,649.

This is based on house price inflation of 81.7%, between May 2011 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 81.7% inflationary increase is applied to the most recent sale price for 17 NEW LANE of £280,000 on 27th May 2011. For the value to have increased from £280,000 to £508,649 over the fourteen years and three months to February 2025, the following assumptions must hold true:

• The value of 17 NEW LANE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The May 2011 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 17 NEW LANE has not materially changed since May 2011.

How Large is 17 NEW LANE?

17 NEW LANE is 116m², which includes two extensions, according to the EPC inspection conducted in May 2016. This puts it in the smallest 50% of detached houses houses in Feering, based on EPC data. The below chart shows the distribution of detached houses houses by size in Feering, and where 17 NEW LANE lies on this distribution: 43% of detached houses houses are smaller than 17 NEW LANE, and 55% of houses are larger. Note that EPC data is not available for all properties in Feering.

17 NEW LANE: Plot and Title Map

17 NEW LANE sits on a plot of roughly 0.167 of an acre, or 676m². The below map shows the location of 17 NEW LANE, 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 17 NEW LANE). 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 17 NEW LANE?

17 NEW LANE is located in FEERING, in the CO5 postcode district. The below map shows the position of No. 17 on NEW LANE.