2, BORGES GARDENS, MILE END, COLCHESTER, CO4 5EF - £635,000

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

2 BORGES GARDENS is a small detached house of 92m², built sometime between 1996 and 2002. It was last sold for £635,000 in December 2023, which was around 27% above the average December 2023 detached price in the Colchester local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was B.

2 BORGES GARDENS Sold Prices

Land registry data shows four sales for 2 BORGES GARDENS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. two of the four 2 BORGES GARDENS sales were for above the average price, and four 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
2023 8 DEC	£635,000	£500,095	27% above HPI
2021 26 FEB	£515,000	£442,770	16% above HPI
2013 15 JUL	£236,000	£289,834	19% below HPI
1999 25 MAY	£51,000	£113,788	55% below HPI

2 BORGES GARDENS 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 four 2 BORGES GARDENS sales between May 1999 and December 2023 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 2021 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the December 2023 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is 2 BORGES GARDENS?

2 BORGES GARDENS is 92m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 30% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 2 BORGES GARDENS lies on this distribution: 29% of detached houses are smaller than 2 BORGES GARDENS, and 69% of houses are larger. Note that EPC data is not available for all properties in Colchester.

2 BORGES GARDENS: Plot and Title Map

2 BORGES GARDENS sits on a plot of roughly 0.157 of an acre, or 636m². The below map shows the location of 2 BORGES GARDENS, 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 2 BORGES GARDENS). 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 2 BORGES GARDENS?

2 BORGES GARDENS is located in MILE END, in the CO4 postcode district. The below map shows the position of No. 2 on BORGES GARDENS.