2, BRAND DRIVE, LANGENHOE, COLCHESTER, CO5 7LY - £395,000

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 BRAND DRIVE is a very small detached house of 90m², built sometime between 1983 and 1990. It was last sold for £395,000 in September 2023, which was around 22% below the average September 2023 detached price in the Colchester local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was B.

2 BRAND DRIVE Sold Prices

Land registry data shows three sales for 2 BRAND DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the three 2 BRAND DRIVE 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
2023 7 SEP	£395,000	£503,529	22% below HPI
2015 31 MAR	£245,000	£337,985	28% below HPI
1995 22 JUN	£85,000	£89,745	5% below HPI

2 BRAND DRIVE 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 three 2 BRAND DRIVE sales between June 1995 and September 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 March 2015 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the September 2023 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 2 BRAND DRIVE?

2 BRAND DRIVE is 90m² according to the EPC inspection conducted in June 2023. This puts it in the smallest 20% of detached houses in Abberton, based on EPC data. The below chart shows the distribution of detached houses by size in Abberton, and where 2 BRAND DRIVE lies on this distribution: 20% of detached houses are smaller than 2 BRAND DRIVE, and 77% of houses are larger. Note that EPC data is not available for all properties in Abberton.

2 BRAND DRIVE: Plot and Title Map

2 BRAND DRIVE sits on a plot of roughly 0.080 of an acre, or 324m². The below map shows the location of 2 BRAND DRIVE, 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 BRAND DRIVE). 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 BRAND DRIVE?

2 BRAND DRIVE is located in LANGENHOE, in the CO5 postcode district. The below map shows the position of No. 2 on BRAND DRIVE.