2, THE CEDARS, 35, BRAISWICK, COLCHESTER, CO4 5BA - £675,000

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

2 THE CEDARS is a very large extended detached house of 191m², built sometime between 2007 and 2011. It was last sold for £675,000 in June 2024, which was around 32% above the average June 2024 detached price in the Colchester local authority area. The most recent EPC inspection was December 2023, where the current energy rating was C, and the potential energy rating was B.

2 THE CEDARS Sold Prices

Land registry data shows three sales for 2 THE CEDARS 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 THE CEDARS 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
2024 12 JUN	£675,000	£510,330	32% above HPI
2021 7 MAY	£585,000	£438,139	34% above HPI
2011 21 OCT	£495,000	£283,864	74% above HPI

2 THE CEDARS 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 THE CEDARS sales between October 2011 and June 2024 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 May 2021 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the June 2024 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is 2 THE CEDARS?

2 THE CEDARS is 191m², which includes two extensions, according to the EPC inspection conducted in December 2023. This puts it in the largest 10% 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 THE CEDARS lies on this distribution: 93% of detached houses are smaller than 2 THE CEDARS, and 6% of houses are larger. Note that EPC data is not available for all properties in Colchester.

2 THE CEDARS: Plot and Title Map

2 THE CEDARS sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of 2 THE CEDARS, 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 THE CEDARS). 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 THE CEDARS?

2, THE CEDARS is located on BRAISWICK in COLCHESTER, in the CO4 postcode district. The below map shows the position of 2, THE CEDARS on BRAISWICK.