24, MILITARY ROAD, COLCHESTER, CO1 2AJ - £350,000

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

24 MILITARY ROAD is a midsized extended detached house of 120m², built sometime between 1930 and 1949. It was last sold for £350,000 in September 2015, which was around 3% below the average September 2015 detached price in the Colchester local authority area. The most recent EPC inspection was August 2019, where the current energy rating was E, and the potential energy rating was C.

24 MILITARY ROAD Sold Prices

Land registry data shows four sales for 24 MILITARY ROAD 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. All of the four 24 MILITARY 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
2015 23 SEP	£350,000	£362,538	3% below HPI
2007 28 FEB	£220,000	£294,497	25% below HPI
1998 2 OCT	£90,000	£112,898	20% below HPI
1997 8 AUG	£48,500	£99,515	51% below HPI

24 MILITARY 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 four 24 MILITARY ROAD sales between August 1997 and September 2015 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 2007 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the September 2015 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 24 MILITARY ROAD?

24 MILITARY ROAD is 120m², which includes two extensions, according to the EPC inspection conducted in August 2019. This puts it in the largest 50% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 24 MILITARY ROAD lies on this distribution: 59% of detached houses are smaller than 24 MILITARY ROAD, and 40% of houses are larger. Note that EPC data is not available for all properties in Colchester.

24 MILITARY ROAD: Plot and Title Map

24 MILITARY ROAD sits on a plot of roughly 0.040 of an acre, or 162m². The below map shows the location of 24 MILITARY 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 24 MILITARY 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 24 MILITARY ROAD?

24 MILITARY ROAD is located in COLCHESTER, in the CO1 postcode district. The below map shows the position of No. 24 on MILITARY ROAD.